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.

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.

Throughout the year I come across situations where people need to sell there home due to a variety or reasons, job loss, income loss, health, divorce, etc.

- 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.

There are ways you could do this, but it sounds like you've already resigned yourself to the loss so I won't bother.

If you buy in a city with limited appreciation, every investment dollar must come from your savings.

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

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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.

-Finding off-market deals and securing financing with limited capital.