Hello, I’m interested on getting some insight from anyone willingI currently live in Seattle and want to get into REI but the cost out here makes it tough to be able to get involved without capitalI read the out of state investing book and it got me interested in trying somewhere that I don’t have to burn up all my capital to get started1.

My best guess would be you had carryover losses but consider the opportunity cost of burning them up. 

. - Tenant agrees to either start the loan with recourse, with it burning off after the extension is signed, or start the loan as non-recourse with a springing trigger if tenant does not sign the extension soon by a certain deadline. - Lender requires a heavy TI/LC reserve until the extension is signed.

At some point if you want to be an Entrepreneur you have to burn the ships. 

One thing I did note is my insurance is $3K a year lower due to the monitored fire suppression system in these larger properties versus my smaller properties that sleep 12 or less built close to the same time.As someone who has lived in Illinois twice, the politicians there don't care if people burn as long as they can tax and spend. 

And they had taken the kitchen cabinets apart and burned them in the fireplace for heat.....I salvaged some and painted over the burn marks, didn't look half bad....ya can't make it up, right?

So many people get burned by this and have no idea it is happening.

I just signed for their newsletter and received a signed copy of Burn Zones.

That is another place where new investors get burned.

I just wanted to say thank you to @Tyler Jahnke and all that have contributed to his excellent documenting of his journey with Morris Invest and his Indiana property.MY EXPERIENCE SO FAR (For those with time to burn)I made a reservation online with Morris Invest on June 30th of 2016 and received a phone call appointment for October 6th - an almost 3 month wait.On that day I got a call from a 727 area code which turned out to be a gentleman named Dave Koehn who said he was an associate of Clayton's.