And if you’re anticipating any losses from your rental property you will probably want to ensure you meet the exceptions to be able to deduct them.

I Ididnot reinvest the proceeds in another building or do a 1081 exchange, i instead paid off the mortgages on most of our  other buildings to offset the loss and cash flow from selling my most profitable building.

It's a lot easier for me to listen to audio books while at work since I have limited time with a busy schedule to sit and read a book. 

I’d rather not assume something and end up being at a masssive loss.

Sometimes, you just need a bank that will lend past the personal mortgage limit.

I am from Paterson, i don't want to invest here but worst case i might if I can get it cheap/ now i know the supply is limited i understand that but i wouldn't want to overpay for a property cause you will be in the red already. cash flow is more important to me, i will form an LLC when buying the property. with high taxes will buying a property here to house hack make sense still?

I own 2 businesses, one of which is a small farm that I took a $10k loss on last year.

Your limiting factor is going to be finding deals to flip in LA so you really want to make sure this one looks good.

I decided to cut my losses at the cost of the inspection, thank the inspector for his advice and time, and move on. 

I was told by the district's planner that a residential facility which houses 3-5 Unrelated adults is permitted in all districts except Limited 1 Family.