As a minority "owner" of the company you have the rights spelled out in the operating agreement pertaining to the company.  

How many of you really know about Texas Property code which pertains to the Rentals?

Any other pertinent information pertaining to the property or neighborhood.All three Appraisers were very appreciative of the time and effort.  

@Jerome Morelos and @Braheim Wilson Getting a license only teaches you real estate laws and procedures as it pertains to sellers, buyers, contracts, deeds etc.

I was informed awhile back by a mentor that as long as the contract includes and or assigns after the Buyer's name that would be sufficient, and no additional clauses pertaining to assignment was necessary.

I don't follow FHA stuff as it pertains to condos closely since so few in my market are FHA approved.

He's been looking for pretty much any job/internship in finance but what he'd really like to get into is taxes as they pertain to real estate investing. 

I agree with William's comments above I want to emphasize the importance of understanding the IRS rules pertaining to investing with retirement accounts.

So how does this pertain to my real estate questions? 

What you have mentioned above, pertains to just the loss shown on the tax return, for one particular property.