I've been reading the forums and gaining insight from as many blogs, podcasts, and guides as I can.

Would anyone be able to let me gain access to the westchester mls for 1 hour or assist in finding comps for 3 bed 1 bath roughly 1000-1350 sq. ft. in the zipcode of 10701 with a price of $2400+ in a 3 family?

My husband and I just purchased a single-family to use as passive income in March 2018 by using money from a HELOC from our primary residence.

I did have to pay commissions and closing costs of around $7,000, so my net gain from appreciation was $13,000. 

Is there another way we can or should be reporting his earnings with us so he can offset his capital gains with his other capital losses? 

How is this done in regards to short term capital gains, recording the deed?

I guess I would be looking at more of the passive investing side of things, since I would be doing nothing but floundering on the rest of it.

Short term is to own one and gain real estate experiences, hopefully can make some profit at some point (not necessarily today) to acquire more cash flowing properties.

You’ll gain experience by talking to sellers (basics) then focus on becoming a better negotiator.

You can 1031 into other areas, other types of property, and/or a passive solution.