For example some items during the rehab might need to be brought up to code, completely replaced or might break from other rehab going on due to old age.

He rightly points out the true material costs when accounting for all of the smaller misc. items add up and is usually under represented in construction budgets by new investors.

Those holding higher-rate loans should start preparing for refinance opportunities in the second half of the year.Scenario 4: High Inflation and Rising Jobless ClaimsIf inflation remains high while job losses increase, it signals uncertainty in the economy.

Big ticket items like cars, boats, and disney vacations would increase greatly.  

For example, if I send my son money for books, can I do so as a property manager fee so that this is also tax deductible.4) If my son, finds the monthly payment to be to much while he is in school and I end up shouldering some of the costs, how long per IRS rules can I carry a loss on the property.Any help would be greatly appreciated.Thank you.

You'll also need $10k-$20k for closing costs and other items on normal loans, as well as 3-6 months of reserves (PITIA) for the majority of lenders. 

If you reduce to $2,300 and are able to fill the property faster, yes, you are "losing" $100 per month, but even at that rate, it would take two whole years to equal the loss of the $2,400 vacancy month.

You may want to see if each partner has enough passive loss carryforward to offset the gain.

There’s no real way to create phantom losses without running into issues with the IRS, and you could end up losing important tax benefits.

My takeaway was never to tell the insurance about a loss unless you actually do have a loss.