I have been reading a ton of material (including Bigger Pockets books!) on real estate investing to educate myself before purchasing my first property.I've been scanning the MLS and been in contact with my agent for t...

Thanks a lot for the answer, there's one thing above that confuses me.So let's say capital gain after selling is $110kpassive active loss from other investments $20klong-term stock loss is $30k. first scenario: is my taxable capital gain is $110k-$20k-$30k=$60k, so this 60k capital gain would be taxed by 15%.second scenario: (110k-20k)*0.15/federal tax rate=$13,500 ; then it would be reduced by LT stock loss of 30k then the actual tax impact is zero ?

There are some simple things you can do to reduce potential damage. 

There are a TON of programs out there that will pay rent on behalf of your tenant if your tenant has lost their job, or even if they are still employed but they have reduced hours. 

Off market deal, found thru a local agentWill negotiate to have purchase price reduced by 20% How did you finance this deal?

The hidden costa of "stimulus" most are unaware of.I put my money in physical gold, food, property and bulk fuel (have some 500gal tanks for my business).

In the short term, shifting strategy to carve outs can reduce risk here or buying assets with likely quicker exits.

Just be aware of the appraisal and if it does not come back at your offer the seller may not reduce the price and you could lose out on the deal.You're also not required to use that agent unless you have signed a buyer broker exclusive employment agreement.

For fuel oil systems stainless steel is needed I believe. 

My assumption is that the pandemic fueled vacation rental boom, both in terms of users and owners is going through a bit of a rebalancing.