You can still carry losses forward as well.

Jim Jack,  Like any business transaction, 'signing the deal' theoretically holds 'more weight' at your office / virtual office, or other related 'place of business...'

No income for 2016 tax year, loss calculated.If I don't get tax filed by cut off date, would Uncle Sam be penalising me for that?

Since FICO monitors how well you manage debt, completely paying every credit card down to $0 will actually results in a loss of points.

Additionally if the seller is familiar with the buyers attorney or the lender that can carry additional weight as well.

Part of your due diligence is gathering the trailing 12 profit and loss, rent rolls, property disclosures, etc. 

I am a loss mitigation specialist trained by HUD and can help clarify.

Unsure in your state, but the MLS's I am aware of are tightening restrictions on "assistants" using MLS...an unlicensed individual is not permitted the same liberties, like managing property, submitting offers, or showing properties...and violations may lead to loss of licensure...just be careful3.

Here are some examples:This is your General Profit and Loss Report.  

New houses grow old with renters.. it will never look better to put on the market than now.The "wanting to get experience as a landlord for this type rental.. a SFH is marginal for just this one property" better to take a class at a landlord tenant association so your prepared more to do that in the future.Personally I'd sell if the tax guy thinks it's wise to do, otherwise the depreciation and losses you may have renting for the next few years might offset and keep it about a even trade off to sell later.