I however an looking to gain tax benefits and tought it would make sense to get my own loan for the purchase.

How many months back do i request in order to gain a clear picture of the parks true occupancy and vacancy?

How many months back do i request in order to gain a clear picture of the parks true occupancy and vacancy?

Not into spending money for no material gain, but if I’m serious I may need to pay for an education!

Having a connection with a local banker can be very valuable.

I was at a cosmetic fixer ranch yesterday that is exactly the kind of property to target.Over time you’ll gain equity and have others paying down your debt.

Monthly Cash Flow - $523 Per month = $75,312.00  over the life of the loanGrand Total = $167,054.00   If these numbers are reasonably close to accurate, the investor is looking at investing $45K (round numbers) for a 122K Gain in 12 years.

I'll take an infinite return on my money all day every day.Don't forget about gaining equity through appreciation and principle pay down.And keep in mind that's after the equity you already forced through rehab.Also don't forget about the tax benefits of rentals.Plenty of reasons to LOVE the BRRRR strategy if you can find deals where they work!

My question is if I chose to sell the property today, will I be past the 1-year mark to be considered a long-term capital gain or is it based on when the property was put in "service" as my Tax form 4562 calls it aka rented out?

You were not able to take any of the losses because your income was above $150,000.in 2017 - you have 7,000 of suspended losses and $1000 of loss generated in 2017.You sell the property for $125,000 and your adjusted basis is 78,400(21,600 of accumulated depreciation).You calculate 46,600 of gain but you are entitled to report the $8000 of losses on schedule E.Let me know if you have any questions.