These losses will be suspended until the future until you have passive income (other rentals) or you sell that specific property and you can use the losses to potentially offset some the gain on sale.

So I'd take the hit on capital gains and be pretty happy about being free of one rental responsibility and the mortgage on my house.

I'm here to gain some knowledge and reinforce what I know pertaining to real estate.

Again, I'm just seeking to learn and am willing to trade work on properties to gain knowledge. 

@Vincent Incopero Wow thanks for the note - I totally forgot about that 250k gain rule (probably one of the most important things for me to understand as a house hacker)!

But alive and well many places such as banks, credit unions, etc and it does not benefit the consumer overall. 

You should probably first figure out why they are selling......... then work up how your proposed idea benefits them.

Will beat numbers up later.CapEx: ~12,000 for roof in year 2 (quoted); HVAC ~8,000 (estimate); Water ~$3,000Total $23,000 w/in next 3 yearsNot considering tax benefits of these.

Also I have heard there may be some tax benefits if their is a loss in one of the llc's under the holding company.Second, Is I would like to see if anyone has any feedback on LLc vs Incorporated. 

I personally think it is worth it to own if you can pay less than market rent, and you can still have your reserves because you also get the tax benefits from home ownership, as well as potential appreciation.