We currently live in a home that we just bought last year and we will hit our 1 year mark on living here in April.

The last BRRRR I did of that size, was in 2021 when I bought a small single family for $20k, rehabbed for $10k (plus my own labor) and refinanced out $45k.

A couple have suggested I don’t have to file or just need to report losses on Schedule C.

Keep it simple and use a single member LLC.Also, if you pass costs/losses to the S Corp side, I could see them being "trapped" or used within the S Corp which might not be so good.

Notably, last year saw an unusual surge in October, which traditionally had been one of the slower months, often trailing only behind September.Seasonal Trends Based on Previous Years:January - Recognized as a mid-season period, January experiences a boost from holiday spending that extends into the first 10 days of the month.

I can't recall the last time I followed the sequence your lender said.

Since last year, I was pre-qualified but lost out on offers for two homes, each with over 20 offers.

Hello Investors,I am a carpenter working full time in Toronto I have set my goals high to become a successful real estate investor and am willing to put in all the work it takes to get there.I have spent the last few years learning and planning it out and I would like to take action this year and buy my first property.

My last hold up is that in Pittsburgh i would need to pay real estate transfer tax on the properties.  

You have $300 a month loss (again - ignoring mgmt and repairs) - you finish unit 3 in another month - by month 4 or 5 you have all three units renting for $900 a month - so you have $2700 a month coming in with a mortgage of $2100.