It does not directly offset it, the mechanics are complex, but you should benefit from the $50k losses, resulting in no additional taxes from the sale.

If you’re an investor in the Kansas City area, have questions about the market, (or just want to be friends) please send me a message - I would love to connect!

Additionally, my commute is 25 miles each way.Here's our plan:1.

Here are a few tips to help you score that first deal:Network: Join local real estate groups and online forums like BiggerPockets to connect with other investors.Find Motivated Sellers: Look for distressed properties and consider sending direct mail to homeowners facing tough situations.Research the Market: Know your area’s property values by analyzing comparable sales using sites like Zillow or Redfin.Craft Compelling Offers: Highlight the benefits of a quick sale to sellers and consider a solid earnest money deposit to show you’re serious.Market Yourself: Use social media to share your journey and post flyers in local spots to attract leads.Stay Persistent: Rejection is part of the process, so learn from it and keep refining your approach.With your big business mindset and hard work, you’ll make it happen!

I guess it's all about the marketing. thanks for your feedbackGino

She’s in your area and can not only be someone you network with but she can provide you with a list of off-market properties prime for flipping or BRRRR strategy. 

I however, complete disagree for an STR, especially if you are in a market with lots of guests and same day turnovers.If this was your personal hot tub I would agree, you can keep the chemicals balanced and only drain it and clean/refill every so many months.

Not sure how bad the mini splits would be, but they are very efficient and work really well.Very low turnover, but the units are about 15-20% below market, as well.

If you're interested in diversifying and don’t mind the operational side of business ownership, acquisitions could be a lucrative addition.

You can also directly use the BP Marketplace to find potential JV partners or buyers, which is a great way to connect with people who are already looking for investment opportunities.In addition to online forums, attending local real estate meetups and conferences can give you face-to-face interaction with potential partners or buyers, which often builds stronger relationships.