(House-A)I want to buy another (House-B), and then sell House-A.My lender has pre-approved me or a mortgage for another house (House-B), without requiring me to sell my current house, (House-A)I want to do a BRRR and buy House-B with hard money , renovate and then utilize the mortgage to lower the interest rate and pull out most of the initial investment.If I borrow from the hard money lender, will that reduce my borrowing power for the new mortgage?

You were not able to take any of the losses because your income was above $150,000.in 2017 - you have 7,000 of suspended losses and $1000 of loss generated in 2017.You sell the property for $125,000 and your adjusted basis is 78,400(21,600 of accumulated depreciation).You calculate 46,600 of gain but you are entitled to report the $8000 of losses on schedule E.Let me know if you have any questions.

I initially offered to renew for one year so I wouldn't have to go through the hassle of finding a new tenant. 

I have a question that I am hoping someone can answer- Why do some people advocate that you never pay a loan down because a loan is a wealth generator?

Get the commercial attorney used to doing the ground leases and have an initial call with them and get their thoughts about your sequence to follow.  

Hi, initially it was the fact that everybody said it was the "easiest" way to get into real estate investing. 

Or it could just buy the one and then distribute the remaining cash (and tax bill) to your partner.But initially the LLC is going to have to sell and then buy.

It is not cheap, but the idea is to generate interest.

Technically, you are not actively working with clients, but you can refer people who are looking to buy or sell to an active agent and get a 25%-30% referral fee on any commissions generated.

It comes down to what revenue you could generate with the land that will determine how much time/resource you spend.