Are there other areas I should be considering as well?

Location How did you find this deal and how did you negotiate it?

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Coops can be difficult and I understand what you mean when you talk about the appreciation, as I bought a condo in Mott Haven and appreciation has been slower than I hoped (thanks Covid). 

I hear the same story about how the general economy, my length of time owning the business, etc are reasons credit unions (same ones who were on board before I bought the brewery) are now not willing to finance. 

Our intention would be to roll the money from that sale directly into our second-home property.

You can rent out the spare rooms to roommates to build experience and save more money for your next investment.  

Western Alliance, I think it was.

I have rental house with a separated detached apartment above a garage that I plan to sell.

I currently own one rental property and looking for adding at least one more in 2025.