Tax benefits to sell multi-family at a loss?

[Account Closed]

Hi - we are planning our exit strategy (retiring outside the country in 3 years) and unfortunately, need to sell three multi-family properties (each one has 4 units) at a loss -- thinking of one each year to make the most of the tax consequence....talking to our cpa but anything else we're missing?

What we were told: If we sell a property at a loss, I believe we can take the loss via a 1231(?) against our salary (ordinary income). So - thinking we can sell one each year and write off against salary each year...sound correct?

Market rents are $725; ave of $650 per unit x 4 = $31200/yr rent

Purchased in 2006 at 10% cap; considering sale price of $212000 (15% cap) to take the hit each year and use tax advantage (if above is right?)

Average per unit per loopnet is at $48k....at $212k, that's $43k a unit. Because of the carryforward/ backwards clause, we may be able to sell 2 buildings by year end and another next year --- seems too simple though....anything else we should consider (other than keeping it -- we want to be on a desserted island with no phones someday!)

Thanks!