If your total income(wife and yours) is below $150,000 you should be able to offset some of your income from the rental loss.What is your goals with real estate(cash flow, appreciation, etc) If your goal is cash-flow - you may want to look into selling the property and acquiring others that would cash flow.Let me know if you have any other questions.

Taxes at $6017 and owner states operating expenses at $13,470 and total expenses @ $19,487 with net operating income at $72,253. 

The loan covers 80% of the purchase price and 100% of the rehab cost as long as the total does not exceed 80% of the appraised value.   

Hello everybody, I'm a total newbieI have done some research but I can't find the answers to my questions about FHA loan, hopefully somebody on BP could help me. 1 - I'm a student, about to graduate in March 2018, with over 1 year of internship, can I still apply for FHA loan as a student after my graduation?

He has 15 total financed properties currently which is the main reason he's not able to go conforming.

I normally do interest only payments for 18 months with an option to extend (for a fee) another 6 months if needed for a total of 24.

Straight refinishing depends on total SF as well but they price on the SF.If there are pieces that need patching/fixing then you are better getting someone to quote everything. 

I want to know how the ‘Total profit if sold’ fields are calculated.

This is totally out of your control and you have done everything you can to mend the problem but are not able to.

It would be a total change from my current career, which is both a scary and exciting prospect for me.