We would like to put in a cash offer and quickly recover our money with a refinance and still be able to deduct the interest.

🔟 Casualty Loss Deduction: Disaster losses might be deductible.📝 Pro Tip: Keep receipts & records to back up your claims.

Some of the profits and losses I’ve been seeing in certain properties have been significantly lower than Airdna projects, with only a handful being in the projection range, and maybe one or two exceeding. 

Prevent financial loss.

Would be taking too much of a loss for it to make sense.

Put the profit towards a new Primary residence and ~$50k towards a rental property.2) Rent it out and eat the cash flow loss, hoping rents increase.

My partner however is NOT a real estate professional and won’t be able to capitalize on the deductions as much as I will be able to due to their share of the “loss” being a passive loss.

Can you sustain the loss for a few years and repairs/turnover costs that can come up?

I have suspended Passive Activity loss that would reduce the gain, but not eliminate the gain from tax POV.

In the last year for Knox county specifically the median sale price is up 9.92% and the whole MLS is up 7.14% year over year.After beginning to recover in July and August, home sales throughout the East Tennessee region slowed up again in September which is somewhat expected as schools get back into swing.Mortgage rates remained below 7% for the entirety of September, for the fourth month in a row.