I should have been more clear...I actually have a BLOC with multiple properties securing the interest.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.

@Seidy Lasker Wash sale rules apply to stock options if they are deemed "substantially identical" to a security sold at a loss within 30 days, such as options with similar expiration dates or strike prices.

If we sense there is a red flag, were asking them to upload additional documents like tax returns w2's etc.

What is the security on the above?

What's even more frustrating than asking the IRS help desk, is asking a Turbo Tax "Tax Specialist".

I have 2 options:- finance the construction pre-selling the apt, and take my profits (expected to be around 700K pre-tax); or- finance the construction with a 6-7%/year loan (collateral = my house), keep the 10 units, and once the building is completed in 24 months, rent them for circa 180K/ year gross.

You and Him are filing one joint tax return. 

Also Seller hasn’t paid property taxes in 2 years which is a sign the property is in distress.