@Carolina Calvo I am so sorry for your loss.

A PM can cost you 10-15% per year but they can also keep you at market rate and protect you from losses.

If you have millions of dollars in assets with a bank and are a private banking client, they will likely take a loss on your jumbo mortgage and give you a killer rate to keep your assets with them.

When you have a big cost segregation depreciation plus your big startup expenses such as furniture and supplies, and you then have a big tax deduction against your big W-2 income because your passive losses are no longer limited with your big material participation, it increases your audit risk a ton.

Note this is far greater loss than the total average RE decline from the GR. 

That can be very hard when you’re not making a high income. if your not able to save a lot at your job you might be better off learning about real estate, learning how to be a landlord, and focusing on a new career that can get you the income to buy real estate. it’s a tough pill to swallow but I got into the trades and now have the skills to fix my property and starting to get the income needed to keep going. 

Example: Tenant experiences a loss due to some house issue.

Major vacancies and loss of income?

I recently changed dwelling policies to State Farm and they include “Roof Surf Loss Settlement - ACV” in the forms, options, and endorsements section.

Either way you will get a K-1 issued.For the tax issue please refer to CPA...but, my experience is that the passive losses will only offset passive gains.