A real head scratcher. 

The beautiful thing about real estate investing is there are several avenues you can choose from depending on your end game. 

Unless you or your wife can qualify as real estate professional status and claim passive non-cash losses against your active income.

Purchase price: $10,000 Cash invested: $75,000 New construction, purchased a home in condemned form form being I could do repairs and wife could sale being her real estate firm What made you interested in investing in this type of deal?

I'll hit two things real quick and hopefully they help.

Rule of thumb is that waiting in real estate rarely pays off. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

I do fortunately have room to absorb that loss, but with increased taxes, insurance, and maintenance/repairs starting to get reeeeally thin on the margins 😬Yeah, I hear that.For me, real estate has always been a long-term game.

The reason I say could is because your current income, tax situation, and real estate investments can dictate if buying real estate might benefit you.

Good or bad for the City of Philadelphia and more specifically the real estate market?