Thanks to this equity growth, we were able to recover much of our initial cashflow loss.

And unlike the borrowers, who fund the whole damn thing, the investors are covered for losses.

I am left feeling that working with them was a wasted investment and decided to cut my losses and move on.

I think behind tenant screenings and leases there is a quality of a landlord that's also as a person that is the respect for a good person and the intelligence of making fair affairs.
For me for ten years in the past...

@Seidy Lasker Wash sale rules apply to stock options if they are deemed "substantially identical" to a security sold at a loss within 30 days, such as options with similar expiration dates or strike prices.

Unfortunately, I see a growing trend of a lot of service members renting their homes at break even rates or at losses.

>>For purposes of taxes, consult with a CPA to confirm this would work for your situation, but you could have the LLC be treated as a "disregarded entity" and thus, even if you and your wife are members, any profits/losses would "disregard" the LLC and go directly on your personal returns. 

I was unfortunately caught up in this scam and I hope that I can help others avoid the loss of money and the unfortunately situation that I was in.I lost $5,000.  

And how about the loss of tax revenues during that entire time......

I’ve been in contact with the Better Business Bureau about them  cut your losses and go the other way.