This is because they didn’t budget properly and rent wasn’t high enough to cover actual expenses (repairs and maintenance, cap ex, vacancy and loss, tenant damage and turnovers, etc don’t expect to have any money left over after all of these expenses are accounted for if the rent is less than $1,500/month). 

That ability can give you a completely different perspective on what the future might look like.”The Millionaire Real Estate Investor: - “Under Promise & Overdeliver”Think & Grow Rich: - “There are no limitations to the mind except those we acknowledge.

Main thing to consider Id say is the occupancy limit on unrelated people living together.

You can work limited hours in so many different capacities that you want to keep that for longer than you think to keep supplementing more options.

You may just have to take the loss and move on.

Here are a few options: max out 401k contributions for you and your spouse, max out HSA contributions, make charitable donations, harvest tax losses, etc.I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Additionally, if you have too many personal use days, losses may be further limited by the Sec. 280(A) vacation loss limitations. 

If you reported a lot of expenses and showed a loss, then the loss will be treated as a liability in DTI calculation.

Effective December 1, 2024, ownership of the property has been transferred from Michael Anderson to Electric Sage Brush, a limited liability company.All terms and conditions of this lease agreement remain in full effect, and all payments, notices, and correspondence should henceforth be directed to Electric Sage Brush LLC at the following address:2001 Space Odyssey Dr, Cody, WY 82414This change in ownership does not affect the tenant’s rights or obligations under the lease agreement.All parties sign to confirm the change.

I managed one in Saint Petersburg FL (in city limits) that has had a 30 day minimum rental on the books for decades.