But the current tax law allows you to use some or all of that loss to reduce taxable income from the rental itself and any extra can be applied to other sources in many situations, including other rentals that produce a net profit even after depreciation.Welcome to the 9th Wonder of the World: depreciation!

Buy multi-unit properties that I can rent to produce cash flow and appreciation (But focus specially on the cash flow side)2.

Even with these expenses, the property still produces cash flow at 3.5% cap rate.I’ll be living in one of the units so that reduces the chances of vacancy by a quarter. 

I also own a property in the UK which does not currently produce any income, but I will either sell it or renovate it as a short term rental within the next 2 years.

I know in my market it would be challenging to find enough flip opportunities that have enough upside that all the work can be hired out and still produce a decent profit. 

Some require no income documentation and others give reduced rates for producing tax returns.   

Everyone likes to pretend these things don't exist and China isn't constantly finding new ways to produce new viruses, but you had the courage to sound the alarm bells and persist. 

House people for a profit, care for the assets that produce the money, live well, eat well, enjoy life.Invest strategically and carefully.Treat others well, help them when I can, and lead a decent life.Steer the ship through waters calm and troubled and come out good.MBTI personality type = ENTJ

You pointed out that combining apples with donuts do not produce meaningful (or valid) numbers.Let's start with the declining sales statement.

@Vina OkoThe good news is the color isn’t an indicator of the toxicity of a mold or mildewToxic molds can be a variety of colors and are a problem when the spores produce into the air and stop lungs from functioning.Most likely in a washer that is front loaded you are not dealing with something toxic.If you have a mold allergy use caution when cleaning.