You will realize the loss for tax purposes when you sell the security, which it sounds like will happen in 2025.

I figured if I get a decent deal on a turnkey property that has at least 3 bed 2 bath I can prob rent for 2k a month give or take depending on the amenities and make decent cash flow. anyone else have any experience with renting single family rentals in this area?

I've had my GC run through the property and he did not discover any leaks, so I'm purely confused why I'm seeing this massive increase.

What else can I do in this case to dispute or to make things easy now that I already renovated the apartment.

I am asking what you hope to achieve with this complicated setup?

Until you can scale, it's likely that you can execute flips quicker than new builds, thus you can turn around profits quicker to reinvest. 

This year I have yet to close a deal and have lost a few deals over 10K. 

Even if we provide you with an answer to this question, there may be other laws you are ignorant of.

I feel like most investors focus too much on the right side of what I dubbed "The Wholesaler's Timeline".

I've been on this board since 2010 and haven't found an example yet.