.- Understand passive activity loss rules limiting deduction of losses from passive activities.Capital Gains Taxes- Be aware of tax implications when selling property, considering short-term and long-term rates.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

My initial intent was to sell the property to another investor to increase my capital and invest that into other projects, but I have changed my mind and want to use it as a rental.

That would make the construction in 2nd, and less secure, so what’s the plan B if it doesn’t sell at the profit point?

Would I be losing money and will there be headaches down the road with finding roommates and selling?

(I’m referring to capital gains not from selling rentals). 

No sells pitching or offering services.

Being a Broker myself, if I plan to sell, i will do the selling myself.

Tenant told me the owner of the property she's currently renting is selling and she needs a new place.

Is it more difficult to sell? 

that's the sale pitch about the "tax efficiency" of equity investing in real estate).Note: don't forget / freak out about when you have to sell and pay back that depreciation.Good luck.