I have 0 faith in them and seriously considering voting for the sale at a 62% loss of equity. 

What percent of GPs making capital calls will actually manage to minimize losses vs GPs that end up loosing all that money too for the LPs? 

Your options would be to sell it, and most likely take a loss on it as you also will have closing and realtor costs involved which you can assume that would be 10%.

If your SPACE is considered as residence SPACE at the time of the sale, then your former business usage DOESN'T affect your gain/loss calculations, unless you took or were allowed to take depreciation for use of your home for business or rental purposes. 

If your going to loose you can take a loss or re fi into 7-8 percent dscr loan and hold for 5 years or so that is what I am seeing with the prepayment.

If you're still using "rules" to bid on properties , especially in this price range, you're destined for a loss.   

@Jay Levy that's a lot of asks and is too much to type.So, here's copy & paste from our website that may answer some of your questions:-Robust Tenant ScreeningA bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.

Since real estate for you will be treated as a passive investment, you won't be able to offset your personal income with losses.

As far as deducting all those losses (repairs and maintenance) - you may be about to learn something new here as well.

@Femi Ibrahim so sorry about you losses.