Disallowed losses under wash sale rules increase the cost basis of replacement securities, potentially reducing future taxable gains.This post does not create a CPA-Client relationship.

I actually read one of your posts on this topic years ago, which influenced me to carefully choose the right market.  

Understand entity structuring and what is best for you, especially if you are going to do flips.This post does not create a CPA-Client relationship.

Additionally, ensure that all necessary notices for filing an eviction have been posted and properly documented in your records.

Sorry to hear about the mistakes.Please read this post about finding a CPA:https://www.biggerpockets.com/forums/51/topics/1222774-expla... 

Did you get started after this post and how is the success?

So I saved you 5k and read my post above on why short-term rentals are a far better investment without the headaches of going to court to recoup damages or fight claims of being a slumlord (which by all accounts he is) 

I suggest you enter private money goldmine in search botton at top right of the screen and read the previous posts....here is one that gives good perspective as well as a link to legitimate private lenders.http://www.biggerpockets.com/forums/92/topics/1488...

I always love these posts.

Hey @Chi Lo - I actually have a video on my YouTube page about this (lookup ClosedByMo on YouTube).Regarding walls being damp and waterproofed, it means there needs to be waterproofing on the basement retainer walls (this is something you can do post-construction and the contractors would need to dig around the house exposing the basement/foundation to apply the waterproofing).