If you do not have other passive activity other than your passive real estate activity, creating a loss with a cost segregation will only create a passive loss that you, likely, will not be able utilize in the year of the cost segregation and will carry forward.If your real estate activity is ordinary because, for example, you qualify as a real estate professional, the loss created by the cost segregation can offset other ordinary income, creating an immediate tax benefit.This is definitely something you want to discuss with your CPA.  

Hey Samuel, I'd recommend saving up some more capital and to start looking into house-hacking options where you can utilize a lower down-payment.

Make sure your listing highlights the perks: furnished rooms, flexible lease terms, and utilities included.

We are trying to figure out the best way to utilize our capital to build the rental income.Does it make more sense to rent our current home ($2,800-3,000/month) and use our savings to put a down payment on a second home?

The sneaky one is timeline because it makes the other two worse fast, a 30 to 60 day delay stacks interest, utilities, insurance, and extensions until the spread is gone.If you want to sanity check any deal, run rent or ARV based profit minus PITI or carry, minus utilities, minus 8 to 10 percent contingency, then see what two extra months does to the number.

Some key expense categories to track are maintenance and repairs, property management, insurance, utilities, landscaping, reserves, and capital expenditures.Also keep in mind your financing structure.

They would charge your second vacant month over a year but you would have saved the utilities and be slightly ahead.

., utilities, taxes, maintenance, repairs, etc.For starters, you can educate yourself on what's happening in your market and connect with an investor-friendly real estate agent.All the best!

The uglier the property, the less competition for it and hence, the lower the price.We've got an interactive map on our website that has color-coded the Classes of the 132 Metro Detroit Cities and 183 Detroit Neighborhoods to help investors understand where to invest.DM me if interested in chatting further...

Also, do you have enough eligibility to utilize another VA loan without refinancing or selling the original purchase?