You seem to be committed to moving forward with it so all I can suggest is to bring this thread back to life in a few years and let everyone know what happened.

Purchase price: $325,900 Cash invested: $16,295 Single Family new build townhome. 3 bed, 2.5 bath, 1795 Square Feet

The last two deals I bought had fallen through a week before closing, seller was counting on having the funds for their new purchase, had plenty of equity and they were happy to find someone who could step in and close on (almost) the original date, even though for a lower price.

Homes requiring significant repairs or upgrades are struggling to sell, and sellers are often forced to lower their prices or offer additional concessions.

Purchase price: $149,000 Cash invested: $149,000 3/2 block house .60 acres What made you interested in investing in this type of deal?

Major employers like NASA and Redstone Arsenal make Huntsville a stable market for real estate investment.Housing Market:Home prices in Huntsville have been steadily increasing, yet remain affordable compared to national averages.

Purchase price: $100,200 Cash invested: $32,000 Sale price: $212,000 Contributors: Peter Vekselman Partner Driven, in partnership with Ron Rowan, purchased a home on Dearborn St, Hobart, IN, for $100,200 on 2/21/2024.

Cashflow is minimal at first, usually enough to pay for the occasional repair and you are paying close to retail price. 

There are some key limitations that are important:Passive losses can only offset passive income.Up to $25,000 in passive rental losses may be deducted against non-passive income if the investor actively participates and their modified adjusted gross income is below $100,000.Unused passive losses are carried forward to future tax years.Here’s an IRS article that further discusses the rules: https://www.irs.gov/publications/p9251031 ExchangesThis strategy allows investors to defer capital gains tax when they sell a property if they invest the sale proceeds into a “like-kind” property.

. - Build out the equity on the house while living at reduced price (hopefully) due to charged rent.