I would say figure out what kind of investor you want to be (buy and hold, appreciation, flipping, wholesaling).https://www.biggerpockets.com/blog/real-estate-license-investPhiladelphia might be an easier market to get into because the prices are cheaper than NYC.

Hi @Ron Fletcher, I've been wondering the same thing myself, and have founds J Scott's comments on the topic on the BP blog and podcasts to be quite helpful for thinking about it. 

I can't find consistent answers on any blogs or forums.

One week before the viewing started, we discovered this mess.

Blog and a video which is what I needed.https://tsmfinancialmodels.com/blog/loss-to-lease

If you refinance again in the future, you tell the software that you "sold" this intangible asset (using the date of the new refi) and it should write off the remaining amount.Looks like there is another post about it on BP - https://www.biggerpockets.com/member-blogs/237/1104-amortizing-loan-costsThis does start "getting into the weeds" so it's probably worth getting a tax pro involved (or at least get a consultation/review.)As for your other question, why the tax that you owe goes up when you add more expenses in your tax software...

I'm pulling old comps, but the problems is that just because something gets listed and asks for a certain rent does not mean the landlord actually ended renting it out for that amount.The landlordology blog made a interesting point when it wrote: "When a real estate agent “pulls comps” to evaluate a home for sale, they use actual sales, not listings prices.

Also, been reading some blog articles here and there.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/