I am 60 YO. Living in the East Bay of NorCal. I have paid of the house. I am considering as my first real-estate investment to increase the size off the back of my 1st floor primary residential property ~750SF and add...

@Juan David Maldonado - The insurer of my primary residence (Amica) extends coverage to 4 of my rentals.

When intact and undisturbed, the asbestos fibers are bound within the cement matrix and are not easily released into the air, making the siding generally safe to leave in place."

My entire family including extended family will testify on her behalf and I have first hand knowledge of the events. 

If we can get the husband to agree to sell, the foreclosure company said we may have some options to extend if we need to. 

As mentioned in a few BiggerPockets podcasts that were recently released, this rule is a simple guideline to help you quickly gauge a potential deal.Here's a breakdown of the key takeaways from those discussions:- The 1% rule is a starting point.

IE sell re .. manage RE  sell commercial RE  leasing agent.. go on the money side and be a mortgage broker etc etc.Lots of ave all of them profitable if done right.. investing will always be there.. built your money funnel FIRST.. then invest.

Deals like this are ideal because they maximize return without requiring extended holding costs or construction delays.

At that time, the losses are deductible against other income and are not taxable themselves instead, they reduce your taxable income.If you complete a 1031 exchange: suspended losses stay attached to the new property and do not show up in your personal return yet.If you sell in a fully taxable transaction (no exchange): all suspended passive losses are released and deductible, directly lowering taxable income for that year.

I highly recommend anyone who seeks out this strategy to obtain title insurance, complete lien searches and obtain extended reps and warranties through well drafted agreements against the seller of the LLC because there could be unpaid bills and claims that could surface after purchase.