Yet for some reason you keep bringing up the "is this your primary house, have you lived in it for 2 years" nonsense.Again, you don't understand the non qualified use periods or actual rental tax law.

Hey Neisa - in all honesty, it's not that common to hire a inspector to walk a property before you are actually under contract.

I've found luck using actual tax returns as my income instead of talking about rents or how I rent it out.

I think early investors like myself like to think in theory versus actually getting all our ducks in a row to make valuable and educated action.

I tried to use the BP calculator but even then I’m having a hard time knowing what the property is actually worth, or what it will  cost to put the work that needs to be done in it before renters move in.

They are Not subtracted from the actual Tax you owe, dollar for dollar. 

Advertise that you are holding an open house on a specific date and time.

You’d be shocked by how little actual screening many PMC’s do!

@Wylie Freeman, There's actually two different concerns here.1.

After generating wealth, its time to move to generate cash flow.Its all very passive with a different/better risk profile.I'm actually not paying that much tax, much less than the 1031 proponents and other investors would have you believe.