You can file it at any point in the year and the adjustment will go against future taxes, sometimes eliminating the next few quarterly payments or more.

As I intend to bring A trusted lender with me for future purchases it would almost be like the bank making a continuous stream of income in away. 

I buy and sell homes in the (area) and I was wondering who you know that is thinking of moving in the near future?"

So for future that looks strong.

@David McPhailWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

I'd look at it like this: you got paid $5,000 to learn how to make even better investment decisions in the future.

Maybe in the future when I have generated enough positive cash flow I will look into these other areas of investing.If anyone has any ideas on how I can resell the land on terms using seller financing although I am currently paying on a contract for deed, let me know. 

I want this to be a springboard into the future, not a crutch, or worse, a hobble.

Hi @Gregory Kawa just wanted to warn you about the new legislations in Palm Springs which can prevent short term rentals in near future.

It may slightly affect insurance rates in the future.