The gross numbers are belowIncome = 100Expenses(including depreciation) = 200Net income = -100Your 10% of -100 is -10You will receive a K-1 showing -10 of income.Now whether you will be able to utilize the loss or suspend it and carry it forward is another story.

That includes all utilities and internet.

We are near the P83 district (about half a mile) so a lot of the revenue was coming from baseball tournaments and sporting events; come spring training time I think our rates could go up quite a bit.  

You could utilize an FHA loan that will only cost you 3.5% down of the property's costs, plus closing costs and any additional fees you may have. 

Hi all, Last year was the first time I started flipping houses.. on one of my houses I took a pretty hefty loss after selling it and was curious what avenue I take (what form/schedule...) that I utilize to file for claim that on my taxes is there is a tax break for such a thing.Thanks

(Excluding utilities which I will split w my roommate).Bringing my yearly cash flow to negative 853 dollars per year.Now this is for the first 2 yearsBut after, I plan on refinancing, (any advice on this again would be great), moving out and renting that unit for 650.Adding expenses such as 10% for PM, upping the maintenance to 1,100,Bringing my yearly income to 3,831 per year.Thoughts?

(Excluding utilities which I will split w my roommate).Bringing my yearly cash flow to negative 853 dollars per year.Now this is for the first 2 yearsBut after, I plan on refinancing, (any advice on this again would be great), moving out and renting that unit for 650.Adding expenses such as 10% for PM, upping the maintenance to 1,100,Bringing my yearly income to 3,831 per year.Thoughts?

Also, on Multi-family utilities are often broken down differently.

Utilities can vary tremendously.

@Jamiel Strickland I started looking into that as an option as well, but was told that it wouldn’t be the best idea being that I am going to be a first time home buyer— also I am very restricted to how much I am approved for due to my DTI ration (student loans)... so I thought utilizing this rehab loan would allow for me to purchase a property less than 100k and rehab it — to still be able to live in a nice home, for a cheaper price.