.- When you plan to buy rental, buy rental that's cheaper than your primary- Depreciation is captured from building only on the first tax year so your example almost not possible in real world scenario- The PAL is extremely useful when you have other RE investments, this is what RE pro keeps doing to avoid large tax gains, for example if you have 5 syndication and 1 syndication post a hefty gain, the other 4 syndication PAL is used to offset that gain. 

Rented in May to extremely qualified applicant.

Wholesaling (the right way) will teach you how to find off market dealsHow to negotiate with sellers,Understand seller objections (so you can become a better negotiator)How to read write and understand contractsHow to find ARVsHow to find cost of repairsUnderstand how to flip (as you are dealing with cash buyers that flip)How to do Buy and holds, (as you deal with buyers that do buy and holdsHow to do marketing (you are a marketer, not a wholesaler)How to be awesome, smart and extremely good looking (because you are reading my post, thus connected to me in some shape or form, thus my sexiness will rub off on you.THAT alone is worth doing wholesaling!

The deal may not be the most profitable or glamorous to you but real estate is all about building relationships and if you can prove to make money for others while making yourself money over time it will reap the rewards.I have someone now who started as a jv that I funded the deal and it went extremely well now I provide private loans to this person as well as we still jv on some deals.

I can tell you that multi-family homes are extremely hard to find and buy in the marketplace.

All leads free, extremely motivated and I don't do ANYTHING to get them (all the work has been done 5 years ago on my website).

I've dealt with the permitting office in RI and I view them as valuable, extremely helpful assets.

My answer isn't typically what people expect, in that the reason I do is simply (and mostly) because I'm extremely familiar with the area.

I was extremely hesitant to post anything that might look like I was contradicting you.

I feel like I need to take advantage of this market but am extremely nervous about the decision.