@Bharath DandaWelcome to Bigger Pockets.

We paid $30K, and the new one will be in the area of $60-65K.Are we entitled to deduct any depreciation or capital losses on our income taxes?

I've read about possibly saving up $20,000 for a down payment on a loan and also read about partnering with people to have a bigger down payment for a bigger loan.

Welcome to Bigger Pockets Bryan!

Market falls 15-20% and that property trades for $200k going forward, that’s $25k in unrealized capital loss, or roughly 5 years of FCF.

I have been researching on bigger pockets and the podcast without posting much.

As a rule of thumb, the bigger the renovation, the bigger the risk, and a full gut sounds like a big renovation.

Then add on holding costs and loss of lease for the 9+ month construction period. 

The sqft of the house is even bigger then the houses that sold for 300k so how do I determine my ARV when I couldn’t get really accurate comps?

Although I've been listening to the Bigger Pockets podcasts as well as The Money show podcast for a few months, it took me a while and I just recently became a pro member and finally decided to post in the forums.