That move created frustration on my part and the seller and had to amend the original contract.

BP creates the impression that if you're not buying, you're automatically in 'analysis paralysis.' 

That move created frustration on my part and the seller and had to amend the original contract.

What I said in an earlier comment about "section 179 can't be used to create a business loss", that wasn't entirely accurate/complete. 

Kudos to you for doing something to create a secondary income stream. there are 5 income streams in RE rentals, possibly six if you do things a certain way.The reality here is your model (buy box) is suffering from too high an entry and too high a cost of capital.

If it didn't cash flow perfectly none of that mattered to me because I was buying buildings in good neighborhoods for the long-term generational wealth they'll create 5, 10, or 15 years down the road.

I’ve personally found that specialized property perks can create stable, long-term renters.

For example, population growth in certain neighborhoods and increased investor activity have created opportunities for both long-term rentals and value-add deals.If you’re torn between wholesaling and holding long-term rentals, I’d suggest thinking about your long-term goals.

@Tonio PearceYes you should create a business plan.

Selling the rentals via installment sales could also spread out tax liability.This post does not create a CPA-Client relationship.