Even if you purchased your home at the very tip-top of the market before they dropped by 19%, if you would have simply paid your mortgage payments, mowed your yard, and stayed in the house for 6 years (you had to live somewhere during that time), you would have made money on your home...and that was the worst drop recorded.

Can I:- Purchase clothes (pants, shirts, socks, coats, jackets) that I would wear for doing renovations/rehabs and write them off? 

I have certainly used one to purchase my primary home - but not an investment. 

i’ve considered multifamily multiple times, but finding the right person to help me that wasn’t just trying to sell mentorship seemed overwhelming.One of the things that I would want to do in an apartment purchase is to do more than simply syndicated.

You'll have to cover the difference between the loan amount and the purchase price.

One of your biggest challenges will be separating all the online fluff from reality.EXAMPLE: several S8 "gurus" have already been exposed as frauds, but unfortunately, they sucked in thousands of investors.You're an engineer, use your education & experience to start building up a logical approach to investing in rentals:)Start with this:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I am looking for purchasing a property which has house on it and 10 acres on it.

I do not have much of my own capital to use to purchase a property and was recently given the advice to either utilize private money to purchase a property or do a few home flips to build my own capital.Does anybody have any advice and/or experience starting out with either of these two methods?

I currently have one mobile home that was already on it when I purchased the land.

Bronx Flip complete Byron Ave Project numbers below Purchase $410,000Rehab $100,000 Sold $625,000Flip Before and After