It is difficult to give a definitive answer without all of the details, but from what I gather it would be difficult to claim a loss or startup costs without closing on an investment property.

Close on the deal4. 

Hi Chris, I’ve consulted with securities attorney and they said it’s fine as long as I’m just acting as an advisor and have no involvement in closing the property - the realtor deals with that.

@Ben Guttman is right in that the captive is probably the program that will most closely match what you are trying to do.Best of luck with it.

So in 20 years, that 150k home is going to be paid off or close to it and should be worth 300k.

As I am preparing my documents for closing.

. $250,000 , $1500/ month rent… “vacant at closing”Please ..would SOMEONE show us the math …… how …in…the…WORLD…..

I just closed on one there for an investor in the Saugus area.I'm happy to connect.

If you don't have the "dough" you don't have the "go".Based on what you are saying you will need 20% down payment for a rental + closing costs + operating reserves (in cash).Most people will not have this--some will do what they need to do to get it--some will not, some can not.A good first step might be to save up as much as you can for a year in a special savings account--by living frugally for 12 months.Then explore down payment assistance programs in your area for first time home buyers of a primary residence--if you qualify (and the home is in a good area for your 'Family" vs Gunshot Alley, then buy a home for yourself and your family.Getting on the track of being a homeowner will give you some additional strength, after a few years of ownership, re-asses your situation.Or work 2 jobs and save the 20% down, closing costs and operating capital you will need, but if you do that and your wife divorces you for it, then you will be in a worse situation than you are now.In the mean time, [1] read Rich Dad Poor Dad, and [2] have fun with your family doing things together (while you have the time), rent a boat for an afternoon, go on a pic-nick, hike in the woods, etc...

Please let me know if you have any information on that.I'm currently busy with the closing process, but I'll reach out privately soon to discuss this further.