My question for group is, has anyone considered a strategy like this for themselves, how did it work out, any creative ways to get the money out as withdrawal (syndications to negate tax loss, active property, 72t distributions.

Hopefully the 3 of us can recover 👍

Be careful asking questions as well meaning contact your actual agent if you have one rather than a claims center because the actual insurance company could record things as a loss even if they aren't paying a claim.

So we took the loss, sold the land, went our separate ways and after a long 2 years of solo searching for something in the U.S.

God Bless him and hope he recovers soon!

By default, a multi-member LLC is taxed as a partnership, meaning that profits and losses flow through to the individual members' tax returns.

We have some good Turnkey providers here but that product never appealed to me due to the entry price, declining rent as the house deteriorates and there is no real exit strategy without taking a sizeable loss for the first 5-7 years in most cases. 

If you overpaid in 2020-2023, based upon bubble multiples, the picture isn't as rosy.You have a choice to make:  Cut your losses or grind it out.

To give you an idea of how it change the Real Estate industry, the law contributed to the elimination of the capital gains tax differentials, the increase in the period for writing off taxes for depreciable real estate, and the limitation of the deductions of passive investment losses.

Behavioral economics tells us people experience the pain of losses twice as much as gains.