Hey @Benjamin Blunt do you have a website that says that you help people with their real estate issues??

Just curious, is there any tax benefit to filing as a regular partnership and issuing k-1s to ourselves that show a loss?

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

IRS 590 also explains this.5) When you receive a distribution or otherwise get paid back, never take personal control of the money.

Also, keep in mind that if you do self manage, you do put yourself at more risk for a legal issues.

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

There are guidelines and guardrails, but a challenging deal can have positives and a golden deal can have issues below the surface.

We currently use Hospitable for 12 properties, and it's working fine, no major issues, and I know they've been expanding with new features.

With foundation issues, one could have plumbing, drywall, flooring and even roof issues and alot more.