But recognized current gain which you would have to offset with the use of your passive losses. 

Start running deal analysis on all the properties that fit in your price range/criteria so when you are back you can recognize a good deal immediately.5. 

@Wendy BrockmanIf you want to buy real estate properties, it is usually better to have the LLC in the same state than the property as your LLC need to be recognized in the state to act in court (like for an eviction).You can use one LLC that would be foreign registered in the other state but if you are paying two state filing fees why not using two LLC for the same price and gain the added protection instead.There are some ways to go around the local LLC requirement like using a local land trust or local property management corporation but they may not solve all the problems.

If not, please send me an invite next time one comes up as I genuinely want to attend. 

I also paid for a list of 1,000 cash buyers who have bought more than 3 properties in the last 4 months with there contact info and am going to start calling all of them as soon as the holiday is up.Or is it ok to call on Thanksgiving IDK I'm fairly new to this game and I think it might be a bit rude to be calling on a holiday such is Thanksgiving but I also do recognize this is one of the busiest times of the years to be closing these types of deals any help would be greatly appreciated THANKS!!. 

It was probably one of the most pleasant and genuine Thanksgiving celebrations I've ever been a part of.

The best thing you can do now is damage control and try to salvage the situation with a genuine apology and possibly monetary concessions. 

The asking price is 215k, but considering they bought it for 107k earlier this year and themselves recognize that the units need quite a bit of updating and rehabbing, that price is likely flexible.

This allows them to be able to recognize a true deal when they see one.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.5.