My experience has me doing well on renovation budgets, but I’m having issues with understanding comps in the sense of equity gains from renovations.

Is my Capital Gains 100K?

I’ve read stories about people buying a portfolio but having each individual property appraised prior to purchase, and then either cash out refi or sell individual properties out of the portfolio for substantial gain.  

The bridge is in rough shape and the engineering firm I had looked at it said that it would only support the weight of a pickup truck but would not support the weight of a cement truck or larger weights required for development or required by the fire marshal.

I have also gained tremendously from @Brandon Hall's podcast/youtube channel The Real Estate CPA, as well as their FB group.

@Gaspare RandazzoI would provide links, but cannot do so on my phone easily….Here are four books you should strongly consider reading to gain a better tax understanding…Every Landlords Tax Guide (it’s a NOLO book and believe Fishman is the author.)Loopholes of Real Estate (Wheelright is author)And there are 2 BP books written by Amanda Han who owns her own firm on the west coast.All 4 of these books are great for new investors wanting to understand the tax side.You might also consider following the tax forum here in BP.

If you want to go more passive, you may consider taking the cap gains hit and pushing funds into numerous syndications. 

You will need to be somewhat hands on if you want to be able to realize your gains in an area like South Shore, and you will definitely need to manage the manager.

You can use the knowledge in passive real estate investing that you gain and share it with your clients - most of whom are probably W2 earners who, like you, don't have time to become a focused active investor.Active investing has a lot of benefits - it just isn't at all passive, even the "passive" turnkey kind - I am a big believer in matching your investing to your lifestyle. 

Your suspended losses will decrease your gain when you sell the house.