But if the loss was caused because of their poor workmanship do you want to have them redo it. 2.

So banks can just say they hold for investment - which equates now to $517B in unrealized losses because of this accounting trickThe moment banks have to move these to their liabilities on the books that will suck a lot of liquidity out of the market due to fractional lending…. https://dailyhodl-com.cdn.ampproject.org/v/s/dailyhodl.com/2024/06/02/517000000000-in-unrealized-losses-hit-us-banking-system-as-fdic-warns-63-lenders-on-brink-of-insolvency/amp/?

The goal is to not eat losses every month for the next 5 years while I wait for rent and price appreciation.

Alot of first time cost seg folks come to us with losses generated all excited to offset w2 income, only to find out they did not qualify for the STR loophole properly and cannot use the losses against active income.

Should I proceed with the deal or just chalk it up as a loss?

Do you file jointly with someone who has income that needs to be sheltered with RE losses? 

I don't know specific law in Washington but generally everywhere deposits can only be held for actual losses.

I know they mean well and try to frame it this way in my mind, but getting financial advice from someone who is copelled by food is maybe not the best idea.Instead, offer $300 for an hour of their time.

The benefit of them is that in most cases you insulate other properties outside the LLC if you have a loss. 

However, with this potential for monthly loss, even though it is a minor dent to my income, I am wondering if I made the right decision.