I priced it expecting multiple offers to sell fast.

Now, I am particularly interested in learning the basics of real estate investing, in hopes that I can get involved in wholesaling, and make my way up from there.Looking forward to the new knowledge!

Dear all,Need guidance around Real Estate Professional exception for passive loss rule when managing multiple rentals.

The rents are per room in multiple room houses up to $1100 a month for some houses/ $10K a month per house is possible.

Other downsides, heater is oil heat, and no central AC (just small window unit), large yard is very overgrown with Himalayan blackberry bushes, and no garage (converted garage to living room space).Upsides: decent condition wood flooring in bedrooms and about half of the living space area, newer vinyl windows in most of the house, outside siding in great shape, roof looks to be in good shape, and the most important upside is the neighborhood, excellent area.FinancialsThere are already multiple offers on the property and they are accepting offers until Monday morning.  

If you do, get them involved as they are going to know the right pressure points to push for a resolution here.

@Jason Mauldin As someone who has been fined for painting a cars in my parents' garage in high school, I can tell you this is not something you want to get involved in. 

Michael, I am wanting to learn more about finding these properties as people talk about auctions and I don't really know what's involved in that or how you find out about them.

In the same series they post about how they wouldn't let the repair people or landlord on the premises and made multiple calls to code enforcement and county health department.  

I will never buy a property with an HOA again, it's not worth headache and risk unless I plan on being intimately involved.