Purchase price: $110,000 Cash invested: $45,000 Recently purchased my first house to use as a primary residence, currently I am renovating the kitchen and adding a full bathroom to the first floor.

Sorry, have not been on in a while - I did not attend the event and currently have decided not to pursue RAL and focus on our single family and multifamily properties.

I currently own a successful short-term rental in Fort Lauderdale and have identified a new property nearby that I’m confident will perform well.

Sale your current house.  

Currently, I’m in full research and networking mode—learning, looking to connect with local investors, and exploring my first investment.

Talk this over with a lawyer because under current state law, you will not be able to evict due to the cold.

However, passive loss limitations apply—if your AGI exceeds $150K, you may not be able to deduct the full loss in the current year but can carry it forward to offset future passive income.Future Considerations: If the property generates taxable income in later years, Kansas allows a credit for taxes paid to Missouri, but since you’re reporting a loss, this doesn’t apply.

That being said, I hope ODC crushes it and current investors are richly rewarded. 

Looking at 50% LTV currently.

Hey Jack,I'm currently living in R.I and I grew up in MA.