Sold on 11/15/2024 for $249,900, this project highlights our commitment to creating value and achieving substantial returns.

It would take several years to achieve that rate and you would have lost a ton of cashflow waiting for it to arrive.

FULL STOP  Your ability to make such a profit will depend on your ability to manage the asset better than the prior owner.As a seller, the broker should be helping you determine the price point, at that time, that attracts enough buyers to achieve an optimal sales price.

@Nishan Akwalia what is the motivation behind putting it under one spouse's name?

I have same issue with my son that I am currently more motivated for my son than he is. 

Quote from @Susan McBride: What are you trying to achieve? 

They buck the passive rules for 469, and are considered active.BUT - As with any other business, to deduct the losses the owner must materially participate.Material participation is achieved by:1.

You can test that side of it out to see if it's a good fit for you, but take some time to find which side is the right fit for you because that will be a key to achieving long-term success.Also build as many sponsor relationships as you can in the beginning because that'll give you plenty of options when you find a deal. 

It is November 25th and there is only about 35 days left in the year with a lot of professionals who take off the last week of the year.Given that information, you will likely need to buy a poperty with a quick close to achieve what you are looking to do.

Also, achieving the 2 percent rule in my local market is near impossible but could be achievable elsewhere.Thoughts?