I am a big fan of the less gentrified neighborhoods of Hermosa, Little Village, Uptown, etc. in addition to the Opportunity Zones with regards to capital gains tax deferrals.

Of the ones that do go into the sale nationally only about 5% lose their property to foreclosure. 

Would like to rehab using the brrrr method on small family units to grow some equity and capital, then air bnb smaller units in the inner city area.

Hey Craig,I'm based out of Kansas City and work across the nation helping provide asset protection services. 

Plus, you'll have to see if there were any fees the brokerage house charged you that can be used to reduce the capital gains from the trading profits.As others who respond here will probably say, you should contact a good CPA who is very familiar with day traders and home office business expense.

I think you primarily need to look at the capital you have on hand and define your goals.

Developing an operating agreement for the LLC will help establish the basis of your business, including capital contributions (HELOC, Loan).

.#4  Start growing your "network capital".   

Also you may wish to check out local investor groups such as Black Diamond REI in southern Mass and RIREIG in Rhode Island.Since you just bought your first property, I would recommend taking at least 6 months, 12 would be better, learning how to be a landlord of your first rental unit before acquiring another one.Learn about renting a unit out, tenant screening, collecting rent, repairs, capital improvements, handling moveouts, etc.

NREIG stands for National Real Estate Insurance Group.