It is more accurate to say that SC does not allow you to reduce your SC taxable income by your out of state tax losses.

Cons:All bills paid propertyCurrent Owner has 33 other properties don't understand why he didn't utilize the extra land on this property.Poor Management so financials and rent rolls provided don't properly accurately reflect what each unit collects in rental income monthly.Each Unit leases either Weekly or MonthlyMy Strategy:Renovate all 12 Units upgrade the appliances and aggressively market each unit Rent each Unit for a minimum of 475 per Unit without the all bills paid option to lower my expensesPut a Laundry Facility on the property there is a Barn that was previously used as a storage space that I intend to convert into a laundry facility.I will love to hear from the experienced investors and learn if my strategy makes senses or any suggestions you provide as this is my first big deal I am involved in.

Usually this will take weeks to do, so if that's the case you can either put it under contract with a contingency on receiving this information...or wait to put it under contract until you get the information.Some people may be willing to take the gamble or have the systems and processes and money to make it work on their behalf.

I bought 10 of them years ago, and when it doubled, I sold half to get my money back and the rest is playing with the houses money.It's very important to note though, I completely view crypto as gambling, and not a legitimate investment.  

Is this accurate ?

Also a CPA and or tax attorney can give you accurate information in their fields of expertise.

My opinion is its a gamble.

@Andrew Davis,From what you have described, it looks like a great deal if your numbers are accurate.  

Everything you see on TV is 100% accurate with no added fluff for entertainment factor.

I'm wondering if you have a competent real estate agent you're working with who would've provided you with truly accurate comps and market statistics (i.e days on market vs. list price median, original sales price vs. sold sales price etc.) or if you went by what the wholesaler was saying?