Once the building is sold it generates a Section 1231 Gain and that can be offset by release of the passive losses from the syndicate that have been carried forward.

With just 5% down (yes, I paid PMI initially), we moved into the main bedroom, used the small first-floor room as my office, and rented out the other three bedrooms on Airbnb and Furnished Finder.

it typically takes 5-10-15 years to stabilize a property, get a good tenant in, and actually generate net cash flow, especially with prices and interest rates so high.if you're in it for the long term, and willing to weather some early storms, great. 

I can tell from your initial post, that your former co-workers (...you've really got to love saying that!...)

Yes, there are bad areas and appreciation probably won't happen...but rents are not declining, there are great tenants if you screen correctly, and even the C neighborhoods generate great $.

@Marcus R.Thank you Marcus I was going to mention all those questions you set after my initial email I shortened the email to "I hope this email finds you well.

Can you generate a report in Buildium to download a CSV file to upload transactions to Stessa via the Stessa CSC uploader?

Quote from @Jaša Rot:Hey Jasa, I would imagine there are going to be a bunch of folks jumping in there to lend their expertise, so just because I'm first, doesn't mean I'm right, but: Generally that initial loan needs to be secured by real estate.

I'm worried that the initial promo bump is over and we are in Airbnb purgatory.

Looking for a high LTV DSCR option given this property should reasonably be priced nearer to or upwards of $425k given the cash flow its generating.