However, minor cosmetic repairs or repairs to personal property cannot be deducted such as paint, replacing broken hardware, fixing leaks or holes, etc.(2) If you have other types of investments (e.g., stocks or mutual funds) that are operating at a loss, if you liquidate those investments to take a loss, you can use those losses to offset your capital gains.

I just don't like the idea of letting this amount sit in the bank and at the same time I don't want to mingle it with personal brokerage account.Any suggestions or creative ideas?

My biggest pain point has been not knowing all the little things that could have helped me out if I put them in the lease that would have helped me snip some of my problems in the butt and for context I am a roockie with only one rental property Tenants will not move in with out all utilities in their name When tenants move out they will sign a move out form for all damages if any over a reasonable amount Tenant will not hang fie traps out side of home those are just personal examples of some of my issues with my one tenant so what would be really help full is some of the little things that you dont even know that you dont know 

I don’t think that will fly.)Cousin a is probably screwing himself out of his home exemption either today or in the future?

I would personally encourage you to use debt if you are looking to wait 3 years to get started though.

RegardsGiles DalrympleIn my personal opinion there were lots of red flags with Lane Kawaoka deals.

Next to 0 unless it is coming from a personal contact or a HELOC or something like that. 

I personally won't be doing them here in MD, but some people specialize in acquiring those types of properties and I would strongly suggest you to attend local meet ups and try to speak with someone who had done it successfully and never got burned.

We run in-person meetups in Northern New Jersey on the first WED of every month, but in July it's the second WED in Morristown.

If you can find a partner with the capital and/or lack of time, you can become that go to person on the team to make sure you are making solid decisions on the buy side, especially if your partners are out of state.