they can apparently help you with loss of rent.

By not taking a partial disposition deduction, you would be missing out on potential tax benefits associated with recognizing the loss on the disposed roof component.

If I were to buy anything once my reserves are where I want them, it would be gold to hedge against inflation, which we are already seeing in food.

There are so many ways to make a mistake during the process and so many ways to leave money you’re owed on the table, especially with loss of income claims.

How long do you wait out a market if there is a decline in rental prices before cutting your losses? 

So I'm okay not making the big bucks STR style, but I also don't want to do it at a monthly loss.

I am being told that the reason they charge that much is because the rich people building vacation homes out there will pay any amount and don't care about the immediate loss of equity and they have more business than they can handle.

-One of the cheaper options I have found is TaxAct Business ($140 + states), and TurboTax Small Business ($739 + states).The issue I am potentially running into, and I am not sure if the online software's mentioned above can handle (they won't tell me unless I pay for advice), is figuring out how to make sure the losses/initial capital contributions are reflected on my K-1 and not my business partner, since I made 100% of the contribution.

I do fortunately have room to absorb that loss, but with increased taxes, insurance, and maintenance/repairs starting to get reeeeally thin on the margins 😬

If there are excess losses, Citizens can surcharge all policyholders to help pay for the claims.If you have a long term rental, it is a viable and affordable option, but it should never be construed as the best option.