I understand that passive losses cannot reduce your taxable income and must be rolled over to be subtracted from future passive income, UNLESS you meet the special allowance that says you may deduct up to $25k in passive losses from taxable income if your modified AGI is less than $100k that year.

I would want to better understand the current condition of your condo and what work you plan to do before selling.

The inspectors who were intended to be Switzerland (diplomatically neutral) seemed to have a hard time understanding that the homes were not new construction and could never be flawless.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Some items I understand you can purchase like a water heater but for lighting, cabinet hardware, faucets, flooring, switches, outlet covers, you can get online!

@Jeremy Taggart, yes I understand that at this time cash flow is more important.

either live in there or sell.d) for flip, buy cheapest home available from gilroy to peninsula LOLThe way to understand this market is you need to categorize the price and compare with family income.

Most fail to understand the mechanics of the court system and how litigation works.

@Troy Smith I understand.

A lender can help you understand what you'd be approved for and the agent can help you with your search.