Last month my neighbors garage caught fire and turned the the carriage house into a total loss.

Can I qualify as a Real Estate Professional and deduct all losses from my W-2 income?

I considered listing as 'for sale by owner' to save on commissions, and even put up Rent2Own signs which did get a lot of interest in the first weekend.However, after looking at the refinance term sheet from that weekend, I decided to just cut my losses short and sell.

I am Damir Rakovich, an investor from Slovenia, searching for partners with a shared vision.

Then I had visions of planes and Teslas and got my answer😎 

Try to think about where you might be in 3-5 years when rents are a bit higher and your properties have appreciated.If you can't see this vision, then sell.

If the house value goes way up, the seller has taken a loss, as without the option, he could have sold for more.

I considered listing as 'for sale by owner' to save on commissions, and even put up Rent2Own signs which did get a lot of interest in the first weekend.However, after looking at the refinance term sheet from that weekend, I decided to just cut my losses short and sell.

Should I try to sell without repairing (taking a loss even if I could find a buyer)? 

It's less daunting than many people's visions of it.