Generally, a loss can only be claimed in the tax year when the investment becomes completely worthless or when there is a final determination that no further value will be recovered.If the REIT has officially liquidated, been declared insolvent, or issued a final report confirming that no additional distributions will be made, you may be able to claim the loss on your 2024 tax return.

You may have or will sign documents stating "all properties you own".

I am trying to hire a licensed REA for my LLC to perform occasional open houses and move-in/move-out inspections since I am out-of state from my rental property.I have the REA identified, now I just need to know the steps to creating a contract for them and me to sign.

Keep learning and determine your long term goals.

I've agreed to pay the reinstatement amount in exchange for them signing the deed over to me.

It as definitely a way to limit showing and determine if people meet those minimum requirements prior to a show.

If you feel confident in the tenants signing those long term leases, this is a slam dunk and you'll have a cash cow on your hands very quickly!

This reminds me of how Alex Hormozie describes "the value equation"; Experience in this case is the factor that determines the likelihood of achievement. 1,000%Alex Hormozie is one of the greatest marketers not just alive, but ever. 

Hey Zorya, I did not sign up with them.

If you already have low respect due to a pre-determined mindset, it's hard to approach the community with an even or reasonable keel.