You've gotten some good answers so far and you’re in a good spot, just need to plan your next moves and maybe look at your entity structuring as having a spousal partnership is not always the best way to structure as it causes extra compliance fees for you.For your question on the QBI loss carryforward, it means future real estate or business income won’t qualify for the 20% QBI deduction until that $150K loss is used up.

A local mentor or JV partner can really help you spot those risks before you buy.

Lenders usually want to see 1.25x or more, and I think that is a good spot. 

Also check if your lender charges any prepayment penalties or early closure fees.From a tax perspective, since both homes are personal residences (not investments), the main thing is tracking potential capital gains and how long you’ve lived in the current property before selling.You’re in a tricky spot, but balancing convenience and cost here will save a lot of stress later.Thank you Deborah for your input.

If this is not possible, try to see if tenants will allow showings prior to them vacating if they leave December 1, can you do showings starting November 10th to start working on filling the spot.

Hey Peter,You’re spot on land you buy usually gets counted under COGS since it’s essentially inventory.

Many investors are focusing on buy-and-hold multifamily, value-add commercial, or even rural development tied to Opportunity Zones, where there pretty good tax incentives right now (until 2027 when things might shift).Your background in construction and project management gives you an edge in spotting underperforming properties, managing rehabs efficiently, and building value.

Should I list on Zillow with address and parking spot amount and have them fill the application? 

I have one under contract in the Cleveland area, in a perfect spot for workforce housing.  

I’ve been learning the ins and outs of real estate (though I still have a lot more to learn) and recently started getting into bird dogging — finding potential off-market leads for investors.Right now, I’m focusing on spotting properties that look distressed, vacant, FSBO, or in pre-foreclosure/foreclosure.I’d love to learn from experienced investors about which neighborhoods or property types you usually look for.If anyone here is actively buying in the Sacramento area, I’d love to connect and learn what kinds of leads would be most helpful for you.Thanks so much!