I have literally lost thousands of dollars - so much passive activity loss that can pushed forward on my taxes.

So now instead of getting the deed, selling the property and helping to recover the losses from all of the redemptions, I end up still losing money on the liens that do not redeem.

Also any losses from Y will flow into Parent Holding X for tax purposes and such losses will be adjusted towards active income.7) Use a revocable trust to replace us in the ownership chain to avoid probate issues and easy inheritance to our kids.

I have the vision for how I can grow this very quickly and get some huge returns, I've run the numbers and I'm ready to go big on this.  

Even though I don't think there's a way to get out of this without taking some sort of loss.    

@Peter Mckernan @Mark Frattini@Allen Tracy @Katie L. also looking for a RE-savvy CPA in California who can work with me to execute the STR strategy to offset W2 income with losses from a cost seg study I'm conducting.

If I go with the 5900 policy I will be operating at a loss and I will be forced to sell the house. 

Currently I have utilities figured out and have met with the city planner and my future plans after annexation follows their vision of the comprehensive plan for that property but he passed me off to the county since I’m not annexed currently and the county wants to pass me back to the city.

Also, you are buying property at a loss from Mom.

After an intro call and vision board, intro to strategic lending partner, four physical tours, two offers on two properties (with the second accepted below asking price) a quick inspection with (minor inspection issues resolved by seller), appraisal waiver and below market rate lock..