After my current flip sells In around end of feb, mid march should have around 125k liquid cash after that sale.

Hi, quick question about selling a rental property for less than it's worth and tax implications.I purchased a rental property on 9/1/2022 for $40k, paid $4k in closing costs, and over the course of 2023 paid around $4000 for upkeep and security on the property. 

If so, what is the process or worse, what if the other lienholder refuse to sell? 

I was excited and thought that this would be the year to sell.

I wonder if they'll be able to sell out.  

I've followed that a little and know there are reports of people not being able to sell their home because they're in a zone that's well past the cap, and so the pool of potential buyers -- which would otherwise include potential vacation rental buyers -- is reduced.I think that's slightly different that the repercussions that could be felt by this Colorado law.

Hi Noah,I recall seeing a post on BP that said Sacramento did not allow short term rentals. 

Just Google "sell my house fast [city]" and then call the top 10 companies.

I can go closer to home for that.I have mentioned in many replies to posts in the BP forums that the security risks for foreigners in Mexico (in areas where tourists go) are way overblown by a way too sensationalistic press looking for bad news to sell.

To prove her point, she put money down on the first triplex we bought, while I was living in a SFR but had to sell and move due to a job location.