I also bought a new primary residence last year and have been house hacking it.

Lastly, If you decide to keep the property, you will want to dialogue with lenders who will be able to finance the property AND construction (if you go that route).

I can tell you I am often cautioning new investors to the incredible risks they are taking and try to help them understand it is not all as rosy as those seling courses or you tube videos claim.A lot of people have made money in the last several years not because they are smart but because they were the beneficiary of an unprecedented increase in prices and rents. 

I think mine cost $1600 last year for 5 properties, my personal return with two W-2s and several K-1s plus some interest bearing accounts that had statements.

I’m working on an Amazon-based side hustle at the moment, and have been trying to break into tech for the last year with 10 personal apps set to release on the App Store sometime this year.

During the last crash, believe it or not that was the #1 flip market in the entire country.

If you have a loss from syndication investment ( the entire project went bust) can you use that loss (from the final K-1) to offset your regular W-2 income ? 

Here is another attempt.ssshttps://www.rocklin.ca.us/form/lasting-success-short-term-re...sss

That made us extreme equity in these last three years.

@Chris SeveneyI was going to use your first and last line, but you beat me to it.DITTO!