The buyers did not hire a local broker when they were entering the negotiation, which they certainly should in my opinion.

Good and bad - you're entering a property without the bad habits of previous tenants but are now faced with some carrying costs in the first 2-3 months to fill tenants, renovate, and stabilize property. 

I will be entering my junior year of high school next year and am trying to figure out how I should approach my investing education.

@Alex Silva sounds like you have permission from the tenant that is on the lease to enter the property.

PRO tip: If you are considering a property in Texas and the Seller/other agent is unclear about what the UNEXEMPT taxes are:1) Google "Pay COUNTY NAME taxes online" 2) enter the property3) get the taxes paid and unexempt taxes from directly from the CADI personally like small multi-family with 2-4 units, purchase prices ranging from 100K - 300K, with value add opportunities.

from what I read, since the property is sold, it doesn't go on Form 8582 and we can realize all loss from 2018 and 2017,  2018 loss can go on Schedule E, but where do I enter the loss from 2017? 

As someone who prepares income taxes professionally I have seen some great issues.I compare last years return to this years return and send clients home for the "missing" documents dozens of times a year.If your CPA failed to enter something you are convinced and can prove you provided them, then they should amend your income tax returns at no charge. 

i just find it very discoraging that you guys have everything negative to say about wholesaling as a newbie i want to do wholesaling as a starting point to build capital..not to get rich quick..everyone is in a different position in life . im just learning about real estate and wholesaling seems to be the way to get in .i understand that many fail but why knock someone for wanting to enter into real state going the wholesale route 

The case specifically stated that the taxpayers used wife's calendar and receipts to reconstruct the time and entries on both spreadsheets for the first half of 2014, and that for the second half of 2014, the time entries came from a contemporaneous log wife maintained on her phone on which she entered the date, location, time and description of each task she performed.

I landed a great job a couple of years ago that allows me to work remotely and make an excellent salary, also my wife will be re-entering the workforce after taking a few years off with our last child.We are now under contract on that first home and will be closing in 2-3 weeks.