I don't have enough capital to cover the loan amount he is asking for.

This will allow him to give you a better picture of steps to take to limit your tax exposure.

Hmmm, they didn't cover this one in "Flip or Flop".Have you tried talking to the neighbors?

Check your state law in case there is a provision that covers this situation.

The earnest money was $1k and deposit was $4k, yes seller keeps EM if I don't perform within my time period however my escape clauses usually covers me from lossing my EM.

We were able to cover our expenses on all of our vacation rentals with a few bookings from folks who wanted to social distance in our properties, so we didn’t have to dip into our cash reserves.

Should I be making a whole new IG that doesn't contain much personal pictures?  

They often invite speakers to cover topics related to REI. 

With proper tracing, of course.Where I'm driving myself crazy is when cash enters the picture.

@Josh Caldwell and @Jeanni Prescan i just settled a property this week where there was a holdback (an escrow ) set up to cover PA State Inheritance Tax liability, and I had another one two weeks ago, so I've had money taken from the proceeds on two settlements in two weeks going to Dept of Revenue for PA Inheritance Tax.We've also had hundreds of settlement, where the owner of the PA real estate lived in another state and "assumed"  that since they weren't PA residents that they didn't have to pay the Tax.