rather than drastically reducing the price and not profiting much?

If a seller does not have to sell, they will simply wait for better times before they reduce the price on their home.

I received an update from my accountant and it seems the timeline of events did provided some clarification and reduced my taxes by $6k from the original $16k. 

They follow state laws, or in the case of a VA loan, the borrowers entitlement will be reduced by the amount of the loss against the loan.

With Covid and the growth of virtual meetings the old line in person meetings have been greatly reduced in importance.  

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

You can often make MORE money in the end charging a little less rent by reducing these things. 3.

Knowing of course that it is an IRS untaught method to their people who Audit return (of our SIC codes)-- An unknown fish so to speak that might cause them to simply redline it costing the customer big Bucks $$$$$$$$$ (and anxiety).The tax savings on a $30,000 write off should buy quite a few Mcdonald's cheeseburgers.

Fools investmentThere's a fire- cannot rebuild and investor loses everything; owner ruins his credit; injured tenant sues everyone; everyone broke.Lender calls the loan- everyone losesPaying down a loan does not reduce a payment, this is not a HELOC so that part is not math.There is zero equity to loan on, no one will loan on this.What would buyer have to do to convince a poor elderly person to take this risk- scare them, threaten, lie?

The IRS wants you to pay taxes on the depreciation you previously claimed as deductions since it reduced your taxable income.