And when you sell it if you meet the primary residence requirements the profit is tax free.It is possible in many instances to own successful rental real estate that generates real dollars in your pocket but operates at a loss for tax purposes. 

Current CPA says we can't take losses off of W-2 because W-2 income is greater than 240k.

Create a penalty/fee that prevents loss of income.

The goal is to create paper loss and offset your W2/business income.

However, consider the impact on the current bathroom-to-bedroom ratio and whether the loss of the open loft space might affect some buyers' interest.Vancouver's real estate market has been strong, with increasing home values.

So other investors in the project want to sell as cash flow is not good and take a loss but I want to look at alternatives where we could get better cash flow for the future and it seems like section 8 pays more than market rate in the zip code.

Every cost adds to my basis in the property and the profit or loss is realized only when the property is sold. 

We are very much in hard insurance market with most carriers having a no loss rule going back 3 to 5 years depending on the carrier.

Lenders are gonna want to see profit and loss statements, rent rolls, property condition assessments, the whole nine yards.

The moratoriumon evictions during the winter should be amended so that onlytenants who face job losses or other hardships are protected.