After all expenses I've shown a loss on my tax returns the last 2 years and it wasn't just a paper loss.

Are capital gains taxes progressive?

I am thinking the following:This would be a wrap around mortgage as I still owe $165k on it.Sale Price $245k (market price)10% down ($24,500)10% Interest 30 year (please tell me if thats a bad idea)Monthly payment based on 30 yr ($1930/mo + tax and insurance) = $2448/moPlease let me know if i left any pertinent information out.Any sleuths out there can check it out. 🤓 (1032 E Tucker St Fort Worth, TX 76104)

We also claimed a legitimate REP status.

Taxes are super low because it's AL.

If you are interested in how to decrease your Federal Taxes and increase your cash-flow, I can help with no-cost consulting or studies specific to your property(ies) whether they are small or large and anywhere in the US or US Territories. 

I've been a licensed CPA in IA for the past 5 years and started my own tax and accounting company as well in 2017.

To secure the VA loan you need w-2 income in same line of work, as it will take two tax cycles to show self employed net income. 

However, you should always be able to claim a credit on the other state's tax return. 

I'd probably get into long term rentals for tax reasons.