I think if they can support tokenized governance, establish a stable liquidity pool, and reduce the bottleneck of Lofty as the single point of failure, they can really differentiate themselves.

And I've taken numerous economic classes.

I really appreciate your support!

I'm currently in the process of taking out a Heloc on my primary residence of up to 100K that I just want to have at my disposal until I have saved enough cashflow from those properties to support any repairs, vacancies, etc. 

Learning a new market isn't as easy as finding a deal - you need to have a team, understand demographics and have a network in place to support your transactions (pre and post close). 

If you aren't coming on top $300+ net from renting, and since it will take your savings which will also put you in a risky position to support 3 properties, I would sell.3.

I might try the route of cash-out refinancing in order to get the funds for the down payment but I am worried that that might not work out as well.My question: If I find a good hard-money lending deal and am able to get the cash for the down payment, I am wondering how to tell the bank that I now have the funds to support the down payment?

@Mulugeta BerheThere's numerous meet-up's in the Bay Area.

How much of that loss flows through to your personal return will depend on numerous other factors, so it is not a clear-cut yes / no.If this were just a single family home you were not renting, there is no depreciation.  

I wouldn't expense a cell phone, internet or similar business expenses because there is no business justification to support it.