You can't change much of it now, but look up the best sale in the area, and copy what they did.

So we have held to maturity and held for sale.

You will be able to use those disallowed passive losses: -Against other passive income -If this rental has net income in a later year these disallowed losses will offset that income-When you sell a rental those carried over disallowed losses offset the gains on sale Other situations you hear about where people CAN use the rental losses to reduce W2 income are where the rentals qualify to be Non-Passive This typically happens in the following two situations: Real Estate Professional Status- A taxpayer or their spouse spends at least 750 during the year on real estate- and more time on it than anything else.

using this form of financing is a great way to acquire/fix a property but if you are looking to hold long term you would want to find long term financing. 

Quote from @Tomasz Kaminski: I'm looking locally at my county auctions and there's properties for sale due to foreclosure.

Homes are typically on the market for about 56 days before selling, slightly longer than the 43 days observed last year.RedfinThe number of homes for sale has risen by 6.6% from December 2024 to January 2025, totaling 3,131 active listings.

Tried the sales thing a long time ago but it didn't work out for me.Regardless I've still pursued investing and small business ownership over the years and have owned multiple properties throughout my life.

This would be a 1031 up-leg for me, so I cannot have my sales proceeds sitting in a qualified exchange account for longer than 180 days (45-day identification period). have you selected an intermediary yet?

I’m particularly focused on exploring strategies like house hacking, rental properties, and the BRRRR method to build long-term wealth.Although I’m just starting out, I bring experience in Finance, Sales and Marketing and I’m ready to contribute by helping with deal analysis, lead generation, number crunching, or property visits.

I live out of state and need to cash out to use sale proceeds for another property.