Hi experts, I have a question about net passive income from rental properties.Say I have passive loss (say -X) from investment property A, but have passive positive (say +X) from investment property B.For tax purposes, can I pool A&B together to net them to 0 on the whole passive rental properties income?

I have the ability to get these units built at very favorable costs and there are no real comps I can find so I am at a loss for planning my development strategy with regards to the size of loan I could reasonably get.This will be my first project and my partner's third but he self-financed the two others.

There are losses due to vacancy during any turnover, but even that is minimal.

I mean both of them have not asked for capital calls or said they were forced to sell at a loss.. 

Often the equity partner has a lot more risk in the venture (losing all the investment money) where the work partner could walk away with the loss of time and effort.

Keep in mind that passive losses from rental properties can only offset passive income unless you qualify as a real estate professional.

I filed a claim for loss of rents. 

(not all debt ever reports to credit bureaus) They do not know that the tax returns will show the income or loss from the LLC, and that there are about 4 different reports other then the credit report that underwriters use to find undisclosed debt. 

Exchanger and not Qualified Intermediary shall bear any risk of loss while funds are being wired or transmitted to or from the Exchange Account.

This new property management company was just as ineffective, and for nearly two years, I struggled with bad tenants, constant repairs, and growing losses.