We all know that generally passive activity losses can only be used to offset passive activity income, BUT, if if the project/investment is completely closed out and final K-1 generated with a loss, in that case can that loss be used to offset regular W-2 income ? 

You can't raise money without a deal and can't close a deal without a capital raiser.  

., If your calcs are close then you've got around $100K of gain. 

I recommend looking into areas near economic bases - close to Nationwide Children’s Hospital, Ohio State Campus, New Albany, etc.

Work needs to begin as soon as I close on March 2nd.

I'd be fine with it as long as they are paying close to the STR rates.Cuts down on your work for that time frame.

You may have 112K in equity, but you should also account for closing costs when you sell the property.

@Brock Mogensen, starting close to home in the greater Sacramento, CA area sounds like a solid plan for me.

If the downpayment + closing cost is free, and you are doing a triple net lease to keep any repairs on the tenant in the next ten years, it may be worth the trouble.

My team and I are about to close on our first RALF in the NOLA area.