I even try to unsell them on the business by sharing my financial losses, litigation,  market shifts, permit purgatory, shady contractors,  clouded title issues,  paranormal activity, squatters, mold, etc.

.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

Hey bigger pockets, my name is Jonathan and I am looking to connect with real estate investors not just in California but all across the U.S.

I'm working on getting my bigger pockets pro account finalized even though I've been a member for about 1.5 years.

Quote from @Derek Wilke: Hello Everyone,I am joining Bigger Pockets today seeking professional connections.

Please keep us posted as you and so many in SoCal are experiencing genuine hardship (whether it's the loss of a home, belongings, jobs, etc.).

That loan will cost you around $800/month for 30 years.I think this improves things, and your only loss would be the cost of the equity loan and the payments you've made so far on your IRA and credit cards. 

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

Although I could see success, I still felt I needed to provide a service in a bigger way and that’s how CountOnCam LLC came to fruition.

Quote from @Vivien Martin: Hey everyone,Excited to join bigger pockets.