It need's lots of improvement more than I thought when first purchased .

Thoughts?

Auction.com does not set the reserve, and what you thought was overpriced was just a really bad reserve set by a bank trying a better return. 

I'm an 18 year old beginner day trader, thought I'd give real estate a try as well on my journey to financial independence.

This may not be feasible without more specifics on my taxes but perhaps a rough formula on how I could figure it out.My basic thought process with the math would be the following:For every extra $1.50 I make above $100k (but below $150k); I lose $0.75 I can write off.So here is where my knowledge really breaks down (if it hasn't already unbeknownst to me).So for every $0.75 I lose the ability to write off as a passive loss; will this cost me $0.75 or will it cost me $0.75 times my marginal tax bracket of 28%, which would be $0.75 x 0.28 = $0.21And if it cost me $0.21 per $0.75 and therefore $0.41 per $1.5, that would basically bring my OT down from 1.5x base pay to roughly 1.1x base pay?

Have you thought about doing all your own repair cost estimates.

thanks for input let's continue this as everyone has their own thoughts.

Punitive damages are designed to punish a person for wrongful conduct and to deter others from engaging in the same conduct.  

Any thoughts or feedback is greatly appreciated.Thanks - Josh

Ridiculous thought huh!