Losing any license for that matter RE  Mortgage Broker etc etc. you have to really make a boo boo or have a scheme going.As you know the NPL space takes a very well put together team..

George, you misread my post:I said:”Your friend has to tell the IRS he lost $900k so he wants a $200k tax refund.”

One Cost Segregation Study is included in our package with the Tax team as well"Curious - which advisors are you working with and what are they charging for the consult and single cost seg study?

When/how does your team decide on doing a physical site visit vs. a virtual site visit? 

However, these losses aren’t lost; they are carried forward to offset future rental income or gain upon sale of the property.3.

The only flip my wife and I lost money on was one in our own neighborhood and it was the first one that we did that was beyond our own price point, at the time.  

Quote from @Brandon Rush: Hey team,I'm looking into buying a property in ATL and using it as a Padsplit because I love the potential to make greater returns with their rent-by-the-room model.The big hesitation for me is that they screen and place tenants, but don't manage evictions. 

All they needed was a "team" to handle everything for them?

Your best bet is to invest in growing areas that are landlord friendly and where you can either connect with or build a good team yourself- realtor, property managment, contractors, etc. 

Now, if for whatever reason this was a fair allocation, and the 5-yr property indeed lost 90% of its value while in our hands - then the impressive tax savings they boasted about would be valid as well.