One tip I'd give is to stay super organized with your paperwork and permits; it can get messy fast.

There is no limit on how many years you can carry forward these losses, but it's important to note that tax laws can change, and it's advisable to consult with a tax professional or accountant for the most current information and advice tailored to your specific situation.Please be aware that tax laws are subject to change, and it's essential to stay updated on any legislative developments that may affect your tax situation.

My advice on situations like this if you are a small fish stay in your own back yard plenty of good deals .That way you can keep track of all the stuff that needs your attention fill in the blank ___.BIG fish well the whole  USA can be played they have the team in place to do a long distance rent ,rehab etc...

Let's stay in touch.

And you've joined one of the best communities for all things real estate investing.1️⃣ Download this ultimate beginner’s guide: https://assets2.biggerpockets.com/uploads/user_file/file_object/1694/UBG_2018.pdf2️⃣ Read BP beginner books on investing: https://store.biggerpockets.co...Also, read Rich Dad, Poor Dad by Robert Kiyosaki and Think and Grow Rich by Napoleon Hill 3️⃣ Subscribe to BP podcasts or YouTube channel and watch their webinars. 4️⃣ Ask questions here on the forums.5️⃣ Visit (join) a local (and legit) real estate investment association.6️⃣ Consider joining a BP bootcamp: https://www.biggerpockets.com/blog/real-estate-investing-bootcampsI wish you all the best in your investing journey!

If that's the case and they're renters not owners, they could stay longer than their insurance covers.What happens after 3 months?  

Happy to discuss what you've been doing and where there might be holes in your plan, ways to improve, or if you just need to stay the course.I don't love the fix-and-flip model in these kinds of markets.

There's definitely areas you would want to stay clear of being new to investing, but once you build up your experience and portfolio you'll find that pretty much any of the places you mentioned, will make you money by buying investment real estate.I've helped many new investors turn themselves into seasoned vets by exploring the better neighborhood's first and then once more experienced they can venture into the riskier areas.Feel free to send me a DM and we can connect further.Matthew

Do we vacate our current house by May to list it for rent by June or do we stay here until the new house is finished?

I can guide you on the documents and permit process should you need, or your manager will, when it comes time.3.