For that year 12k essentially increasing your taxesThen the rental 3 (Negative 15k) is carried over since over 150 AGISo it actually looks like the rentals had a 12k profit overall that year when it was more -3kAppreciate any guidance@John Davey to avoid any confusion for other investors that might be reading this post and @Austin Cheatham response. 

Thank you I did read something about that with McKee passing that.

I read that the government (village in this case) takes ownership and pays fair market value to the owner.

@James Wise When reading his reply, my interpretation is that he is not providing "property management", in his opinion.

I have been reading thier seems to be a lot of rules and regulations.

I recently read Rich Dad Poor Dad and had a fire lit under me.

I plan on holding my license under my employer, since they are a managing broker- Will my managing broker see deals that I complete if my license is held under them? 

@Alex Powers just read the DORA news release about her.

Appreciated reading every response on this post. 

Monthly rental is 28K per month.Hi Sudheer, I wasn't clear from reading your post what the goals are.