Also, remember that these suspended losses can use against any other passive income, does not have to be related to this house.I know that you wanted to know if the suspended loss would eat you gain when you sold it, but it always better to plan in such a way to take the rental loss today and offset your ordinary income that is taxed at higher rate today than wanting to suspend the loss and later eat your capital gain from sale of the house.  

It took a week or two to process if I remember right but was pretty straight forward otherwise.

(I am 27 and he is 25, so the hope is that as our income grows from our careers, we can add more properties together.)

We have over 100 out of state and out of country investors purchasing buy/hold rental properties in Indianapolis because of the strong and growing economy mixed with reasonable pricing and strong ROI's.

The AZ Family Limited Partnership is the base level for scalability for clients who then grow into the Bridge Trust.

Lubbock, TX is one of the best growing markets in Texas at that price range plus its a college town with an increasing number of students looking for student housing.

Put some fire under them, remember you are paying for a service they need to be on their toes at all times and have a great line of communication with you at all times. 

Lubbock is a growing market that's HOT right now.

It's not my intention to steer you away however I feel like you could grow a substantial amount of savings and use this opportunity to your advantage.

Remember to look at the numbers and see what you can buy for that amount