A little background, I have already purchased my first home last year using the VA loan through Navy Federal Credit Union so the process of buying a home is still fresh in my mind.

The losses will be suspended and carried forward to the 2020 tax year.If one of you is an RE professional the answer becomes an analysis to determine how much is going to get expensed vs capitalized, and just how big a tax benefit that expense will provide to you based on your federal and state marginal tax rates, counterbalanced by what your sanity is worth to you and how cranky you want your husband to be during the holidays.  

@Ben Feder  There is nothing wrong with buying a property that needs no work. 

@Ben Feder hello Ben it depends on your ultimate strategy.

I represent myself - Ryan Basye at Nebraska Realty.The lender we have on this deal now is Omaha Federal Credit Union (15-year fixed rate for rental property is great).

I just spoke to Navy Federal in regards to Opening a HELOC on my primary residence.

Firefly Credit Union, Wells Federal, Drake Bank, Highland Banks, Sunrise Banks, Affinity Credit union

I would let the tenant know that you appreciate they have been in the home for 4 years, and certainly want them to remain - however, you need to run your rental business in a way that is in complete compliance with all local, state, and federal laws.

@Nick Cucci Nick however you decide to go make sure your course of action stays on the right side of the law.State and Federal laws are in place that address the need of proper licenses to legally receive finders fees for investment and or real estate services.

The owner of the moving company is also involved in a federal seizure case. $2.8m seized related to wire fraud.