Part of those cuts included the short-term rental tax loophole, a strategy real estate investors can use to help mitigate their rental income tax by offsetting earned income with real estate losses, and could be renewed or extended.  

As far as SingleKey actually paying out on claims for tenant non-payment up to 12 months, property damages up to $10k reimbursed, covering 30 days of vacant property losses and helping out with tenant evictions up to $2k (as advertised), curious if anyone on here can attest to SingleKey actually paying out on these claims successfully.

Would you have net income or net loss without the cost seg study?

Also consider how you plan to finance your acquisition and what size business is feasible based on your current liquidity.✅ Focus on making a good first impression and building rapport.This starts with getting honest with yourself about what you’re looking for and how you plan to execute.

@Gregory Wilson can you be more clear about what you mean about a loss?

If they pay late now as is, let's say they lose a job or have a temporary loss of income, you're kind of SOL.I would look to build reserves between now and August.

- Loss of historical data (for both IRS audits and for personal portfolio tracking.)You should be able to print the general ledger and Balance sheet / income statement for each period.

The older the home the more difficult (and therefore expensive) it's likely to be to restore a home to pre-loss condition2.

Here are some insights that might help:1031 Exchange Feasibility: Yes, a 1031 Exchange is possible even if they’re purchasing a lower-priced property.

I would imagine the LLC will have its own EIN, but we will still report the gain/loss as pass-through income on our joint tax return.