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.

It's still not a total loss though, I'm still going to get most of my expenses paid on it, just not all of them now. 

Rather than take a complete loss on the uncollectable debt, can I take the assigned debt, make collection efforts and upon failure to collect declare the loss to offset the capital gains?

I found someone on the internet who told me about the avocado farm and he gave me the bad news that there are tons of lawsuits against the company and to count it as a total loss.

As the Company is working to cure title in a reasonablydiligent manner, the Company would not be liable for any loss to the Claimant.

I want to know if it is possible to use this home loan for STR’s since I know STR’s (Under Tax Code Section 469) is one of the routes any RE investor can take to reach “Real Estate Professional Status,” and so use passive losses from my property to offset active, earned income (My W-2 Job in the future). 

I have seen on my last trip to New York City formerly bankrupt hotels recover and make a ton of revenue off illegal immigrants.