It's great that you are putting your foot forward to take some action toward your goals.

Looking forward to learning more.Grant to answer your question, the only reason to keep a property that just barely breaks even is for the long term hold, hopefully have it paid for by renters and when I retire its paid off.

Please message me if you wanna meetup.Really excited about my trip to the rocket city and looking forward to meeting some of you all in person!

We can put a line on the settlement statement called "return of earnest money" so that comes back to you and only exchange proceeds go forward in the purchase.

Normally, it's pretty straight forward on Turbo Tax, when the expenses to purchase a rental and the income from the rental are in the same year.

I look forward to talking with some bigger pockets members and hopefully meeting some of you in the near future.

I'm not married, but will be in the next year to a college professor who had no debt and no savings, (although will be saving about 1,000/mo going forward now that his student loans are paid off).  

After a tour of the property I submitted an offer where I felt comfortable moving forward based on the income and expense provided and several statements made by the owner regarding the commercial tenant’s willingness to renew its lease when it comes due in 2019.3.

The how to is pretty straight forward.

Anyhow, I've been doing alot of reading here on BP over the last few weeks to get "back in the game" and here are some questions I have about moving forward: Should I get pre-qualified/approved first before trying to make offers?