Effect of Large Schedule E Losses in 2019?

[Marco G.]

2019 has been a difficult year with multiple vacancies, extensive make ready costs, and lots of deferred maintenance being addressed. It looks like I will show a large loss this year, and I still have about $30k total in property tax bills. I usually pay them before yearend rather than early next year when due. However, there is a good chance I will be in the market for a financed personal residence next year, and I’m concerned about how the large losses could be used against me.

Does it matter whether I pay property taxes this year or leave them for next? How are Schedule E losses viewed when it comes to mortgage eligibility?

As far as deductibility from W2 income is concerned, I’m over the $150k threshold so there is no immediate tax benefit; losses will be carried over.