Generally, a loss can only be claimed in the tax year when the investment becomes completely worthless or when there is a final determination that no further value will be recovered.If the REIT has officially liquidated, been declared insolvent, or issued a final report confirming that no additional distributions will be made, you may be able to claim the loss on your 2024 tax return.

Make no mistake, shifting a "big war chest" from liquid investments and cash into a cash flowing real estate portfolio is not a passive endeavor.

My wife and I have a vacant lot in Tallahassee and we're looking to use the current equity to exchange for a larger single family investment property.

Are these standalone facilities in small towns, or in larger towns. 

I wouldn't take that money to buy him out I'd liquidate and move into better asset class like extended stay development or 3 story walk up apartments 

It is something you don't want to try if you are not sure you have the liquidity to make this happen.

Partnering with family and securing owner financing to acquire the property below asking price was a smart move, and the renovations sound like they added significant value.As a direct lender, I’d love to explore how we might assist with your future growth, especially as you look to scale into larger multi-family investments.

Here is how I would apply in our larger Orlando homes:1. kid-friendly amenities and decor are super important.

Tenants with bad credit know it and are expecting you to ask for a larger deposit.

This^^^^^Unless he is loaded with cash reserves and can take a loan out based on his liquid reserves.