or loss? 

However, my other properties will depreciate for tax purpose, therefore I have paper loss, but I still cashflow on those.

Just take the loss and repurpose the downpayment capital into something better.

I have a Masters in Advanced Financial Life Planning, a CFP (Certified Financial Planner), CFT (Certified Financial Therapist), and am a candidate for both the EA and APFC. 

The loss is that we had not taken into account the realtor fee. 

I gave Financial Freedom my credit card info so that they could bill me $3.95 to ship me a book.

So that first year may be a 2 to 3k loss or break even unless he gets lucky. 

Whether the full catch up of missed depreciation results in a tax savings or not depends on your passive loss limitations. 

The small things you do every day shape the kind of investor you become.I’ve had my fair share of wins and losses, and through it all, these three habits have made the biggest difference.1.

Those are simple financial questions.