From the leads and SMSing sellers, I know there's alot more deals in the FSBO/expired area as stress, recession,  job loss (hope not), and interest rates stay this high.   

(especially for those involved on this website)The reason I mention if it matters on this website is because most are real estate investors(long term buy and hold) and will most likely operate at a tax loss which doesn't have an impact on taxes.The second point is, will you invest or not invest in a good investment because of what your tax rate is?

Therefore, if the housing market has stagnated or the rental market is in decline, it may be wise to cut your losses and sell the property.

These variables can cause deals to fall through or add unnecessary stress to your project—something you don’t want to experience as a new investor.Better Negotiating Position: Cash is king in real estate.

If your income exceeds $150,000, your ability to deduct passive losses from rental properties is limited, and any disallowed losses carry forward to future years under the passive activity loss rules.Yes, the deductions can accumulate and roll over year after year.

Luckily most of my tenants only pay $50 a month of their portion so its not worth the loss of the 98% I get paid directly from the state. 

.- for example, although SPY lost 28% their value in 202, but as total return, my portfolio is flat because my dividend income is offsetting the market gain losses.- what I am trying to say is that, if you are a "professional fund manager", you could create your set of portfolio that could beat the market , in this situation , the 401k is even less important.

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

As many STRs in the area, I have been dealing with cancellations and loss of revenue and will likely to do so for the forceable future.

Psychologically, we're more in distress with losses than we are in euphoria with gains.