Thirdly, if the losses can only get carried forward to selling time when I realize capital gains, then isn't there the rule (i forget the name) which allows you to sell, and buy another house within few months, and hence you don't have to pay any capital gains on the first house?

It is easy to get burned locally . . . imagine how much easier it is investing 500+ miles away!

And you can try some local real estate meetup groups.

Hey Damion, I am an agent and investor in the Phila area and would be happy to connect with you about the local market.

I am not a local and I am interested in purchasing my first property.

However, I cannot recall their name, I'm afraid - it's been a few years.  

I am a licensed local property manager in the greater Asheville NC area and looking to  locate PM's in the area who may be looking to retire from the business and sell their book of business. 

@Mark Sinclair I would love the name of your lender if you are still giving it out. 

My name is Aidan Ahern, I'm based out of Stillwater Oklahoma as I'm a student at Oklahoma State University, and I'm looking to break into real estate investing by way of house hacking a small multi-family!

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