Is this a loophole; use depreciation to offset UBIT but when selling there is no tax on the gain because it is an IRA?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

It's no wonder they ditched the master lease structure - easy to see now how they were losing money on it. 

The Austin metro was among the hottest destinations in the country for where people were moving last year, according to the latest annual ranking from U-Haul International Inc.Austin ranked No. 5 among the top U.S. growth metros in 2024, and Texas was the No. 2 state for move-ins — bested from the top spot after three consecutive years by South Carolina, according to data released Jan. 2 and Jan. 3.The Dallas-Fort Worth-Arlington area took the crown for the top growth metro in the recent list, followed by Charlotte, North Carolina (No. 2); Phoenix (No. 3); and, Lakeland, Florida (No. 4).

With its robust legal framework, consistent economic performance, and favorable interest rates, Germany stands out as a top investment destination for foreigners.

Quote from @Louis Hamilton: The property is worth around 800,000 and has no mortgage on it.

Theoretically you could sue them performance. 

We then export this data into an Excel spreadsheet to review metrics such as average occupancy, daily rates, and annual revenue for that specific property type and location.We'll also look at the top-performing properties in the area and analyze the amenities they offer, their location, proximity to attractions/beach etc.

Since I've owned just a few days over a year, I'm not a happy camper and have no doubt they knew this was going to happen when they took my money last November. 

The bank will put a hold on them, so you can't just draw them out, so don't plan to need them for a while.This will cost you an appraisal on both properties to be performed by that lender.