Basically, you are convincing your inner doubter that you can do it. 

You’re basically pulling future depreciation into this year.Two things to watch:Make sure the rentals are truly rental activities for passive vs nonpassive rules — big losses don’t help if you can’t use them.Get the study done by someone who actually knows residential rentals, not just big commercial.So: yes, you can do it now, yes, you can catch up, but no, you generally don’t get to go back and grab the old-year bonus as if you’d done the study in 2020.

Yes we were successful winning bidding wars 3 months ago using the family postcard technique;) Basically, we added a cute picture of our family along with our offers (which were based on conventional financing) and our “humanity” made us win over the cash offers.

Love what you're building — you're basically turning ChatGPT into a portfolio analyst. 1.

Basically, lenders are very skeptical of the argument "no one would buy it at $X, but it's really worth more than $X so now I want to keep it."

Once you understand a pocket well, it becomes much easier to spot a deal and know when to walk away.It also helps to put together a basic plan you can repeat on future projects.

@Jeremy Horton basically explained it: unless you're in some kind of high effort, higher risk niche, real estate isn't going to generate any cash flow in the short term... and by short term i mean 5-10 years. 

The same principles applies in the sense, Schedule E's expenses have to be categorised to existing properties placed in service.

But it sounds like I have to pay first and basically ask for a reimbursement?

There is a basic challenge with your plan😣You can only have one FHA mortgage at a time and ALL owner-occupied mortgages require minimum 12 months of occupancy before you move out and convert your unit to rental.