I like the rent option in this case, but I would likely look to add an additional camper pad on the land that I could rent either short or long term.

Make a short list of questions to ask.

Purchase price: $630,000 Cash invested: $120,000 I've bought this property as a short term investment as well as a property I can stay at when I want to escape Seattle weather What made you interested in investing in this type of deal?

In short, no. 

If lets say I have $50,000 paper losses from my real estate can I use it to deduct short term capital gain?

Short answer: no, not a direct offset.Longer answer: if you already have enough itemized deductions to exceed the standard deduction, then yes.

I had started by focusing on areas in the West End (Short Pump, Tuckahoe Village, Wyndham, Innsbrook & Glen Allen etc) looking for properties in good school districts where I could focus on attracting young families, looking for good school districts that did not have the down payment to buy in to the neighborhoods. 

Pulled through and shortly will be able to occupy.

I got into this niche due to the low entry cost and the potential for great returns in a short period of time.

I will be setting up time to talk to him shortly myself.