Additionally, i live in Chicago, so i won't see it before closing which is in 30 days. 

This loss is designated as non-passive loss in Schedule E and hence deductible from ordinary income (W2, 1099B stock sale, etc).I see no state returns simply because of no income as well as the losses being non-passive and hence deductible from ordinary income.How is your CPA suggesting to track the passive losses without filing for state return?

So, I proposed this deal to the Church, which they accepted and we closed on April 2.  

Hi guys, my name is herby and I just closed on my first deal for house hacking on a 4plex. 1 of the tenants is out of contract and is on a month to month and that’s the unit I plan to move into.

Purchase price: $135,000 Cash invested: $65,000 Sale price: $345,000 Had an opportunity to purchase this property from the owner...I own the next door home, it is an Airbnb.

Purchase price: $125,000 Cash invested: $103,000 Sale price: $425,000 Ah, the tale of 5035 Center Rd, Linden, MI 48451 – a story brimming with promise, dedication, and the transformative power of vision.From its humble beginnings, nestled on 5 acres of land, this single-family home with a pole barn whispered of untapped potential.

I recently founded Auben Capital Partners to focus my time and energy on raising capital.Today, I lead a team of SFR experts who have transacted over 2 billion dollars in sales, completed over 30,000 renovations/developments and leased over 20,000 units.However it was a long road to get to this point, full of lots of challenges and lessons learned.

I am new newbie and would love some opinions and advice, was looking at a new construction home near a major interstate close to downtown.

He just closed a jumbo STR loan for a client here in Oregon and the same referred borrower also purchased an STR home in NYC. 

Yes you can, but the HELOC will need to payoff the current second at closing.