Ultimately the borrower sold the property before sale so it was a non issue but had they not, and had we continued with default, if we did not restructure the foreclosure (difficult), we would have more than likely had to wait until sale, suffered a loss, then filed a title claim (Time...time...time...) to hopefully be made whole. 

They're targeting credit card companies, banks, hotels, airlines, utility providers, food delivery service, restaurants, auto dealers, event ticketing companies, and last but not least, property management companies.

Loss History.  

Your partnership distributes ("passes through") your STR losses to your respective personal tax returns via K1s.

That could be a huge albatross around their neck, and may result in a massive loss in June of 2025. 

We have free food and drink tickets.

However, when I had the choice to go to $5,000, the savings were very minimal, and it would have taken 10+ years to recoup if there was ever a $5,000+ loss.

Private lending is passive but in terms of taxes "ordinary income" and you cannot cancel out with passive losses that you get when you are an equity holder of real estate. 

Food and baby stuff shouod be no problem because we did it with our first living paycheck to paycheck. 

Would experienced investors stick it out or minimize losses by selling?