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.

He didn't announce the millionaire passives.Clearly, Brad is not a charity, he charges and has benefited from his vision!

This project allows me to bring that vision to life, combining innovative design with How did you find this deal and how did you negotiate it?

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.

Indy Class C #2 sell it and cut my losses or try to rent out at -$200 to -$250 cash flow (got an honest property manager feedback) and hope it stabilizes in 2 to 3 years.

I’m curious to see if this is a loss cause or if there are ways to turn this into an opportunity to make some money.