Just be aware that you cannot create a loss.

If you refund a stay every time someone has a valid excuse, you are effectively stepping in and taking the financial loss for someone else's misfortune.

Give them a deadline to complete the project or cut your losses and find someone else that can complete the project ASAP.Lots of hard choices, but that comes with being an actual investor and not all the rainbows & unicorns that many on this site promote.

So, if you don't, the buyer could potentially seek financial compensation for any damages or losses they incur as a result of the nondisclosure.

I'm a part of partnership that attempted to do a flip in Fl, but due to market conditions, bad contractors and multiple change orders, etc....looks like we'll be selling at a loss. 

You may do a 12 month bank statement program or 1 year Profit and Loss statement to validate your income for the past year.

Hospitality still seems to be thriving.How about food costs? 

It depends on the profit/loss allocation on the operating agreement.

Wouldn't rental property 2 generate its own loss due to depreciation? 

working with our auditors right now on ACL (allowance for credit loss) and learning about SCALE, WARM and all the fun and new CECL terminology..