Hi @Nick Lucas, glad you're getting into the game!

This market is hard enough for buyers without holding yourself back through analysis paralysis.

So as long as you hold the current properties or the exchanged ones you’ll slowly be losing deductions until you’r back to even as if you didn’t do them. 

@Shameen Brown congrats on holding yourself accountable and setting goals!

. - I do not see holding costs.  

We already know that hard money lenders make roughly 10-12% in holding costs and all of that.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Mobile home buy & hold investment in Swanton.

Reno, on the other hand in the heart of the West, offers a more consistent track record-just what you want for peace of mind in your investments.Key Points:1) Reno is holding its own with solid occupancy rates for multifamily properties.2) Across the West, occupancy is more consistent, and Reno fits right into this pattern.3) For a balanced approach to investment, Reno’s stability is worth considering.For those San Francisco, Sacramento, San Jose, Los Angeles investors looking at the big picture, Reno is a smart choice.Source: Freddie Mac Multifamily