You can do a combination of both, so don't limit yourself to one. 

@Franklin Marquette I have a combination of both.

You cannot combine them UNLESS the 2023 losses were incurred getting a property ready for rental PRIOR to it ever having been rented before.

Or maybe you want to do a combination of the above?

Maybe you're talking about storm water which enters the sanitary sewer as result of what used to be done in the old days where storm water and sewage combined into the sewer system?

Or maybe you want to do a combination of the above?

Combine this with long term boom bust cycle, plus inflation, what happen today is not unexpected.

I will accept responsibility for getting overwhelmed and stuck, as well as for believing a total stranger gave a crap about me, my financial situation, or my sucess.... but shame on epic for getting lost in the profit, by promising things that were not true.

Your scenario combines the flexibility of TIC ownership with the liability protection of LLCs.  

Really.But if you are having paralysis, one thing that works is to analyze the crap out of the deals.