This allows new investors to gain experience while minimizing risk and maximizing returns right from the start. 

Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.

Guys - I am a limited partner & invest in a multi-family building passively that was sold resulting in passive gains for 2024.

If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere. 

Hey, if you get married you'll be able to shield an extra $250k in capital gains!!

If not, should I sell stock that I have that has capital gains that would be due on it and offset that?

My goal is to gain a solid understanding of the process, master deal analysis, and ultimately close my first deal.Right now, I’m focused on learning the basics — from finding motivated sellers to building a strong network of cash buyers.

Quote from @Apurv Asthana: Thank you all for valuable insights here.

Sharing your findings could uncover some valuable insights for everyone!

I know there is cost to tear down, but feel that even though the house needs work it is more valuable than the offers.