@Nate P.Your profile hints that you are living abroad.If you are a US citizen - you want to make sure that the CPA you work with understands the foreign earned income exclusion(FEIE).If you purchase a property and are expecting valuable feedback on how that property will impact your tax return, you will need to provide a rough profit and loss projection(rental income and expenses) along with purchase price to have a conversation with your accountant so that they can provide you good feedback. 

Investing for me is about a return and not a total loss of my principle.       

If a guest spills food in the hot tub or fouls it, the cleaning crew will discover it during turnover and have to block it (no way to clear that kind of mess in a 4hr turnover).

I had a new PML ask me about the difference between a Loss Payee and a Mortgagee so I thought I would share some commentary from my insurance agent partner on the subject: Quick point of reference between the difference between Loss Payee and Mortgagee:Mortgagee: the Lending company/entity that lends the money for the propertyLoss Payee: an entity or party that has an insurable interest of said property.

Hey @Julia France, You maybe do NOT want to use bonus depreciation if the losses created are excessive passive losses and you don't have a lot of passive income.

should I do an LLC to do a stop loss?

Am I forced to take the $25k passive loss deduction since I qualify for it? 

The multi-family properties generate large paper losses most of which are suspended.

Glenn -  Sorry for your loss first of all. 

Most wholesalers require no-refundable "earnest money" so in the event the buyer backs out of the contract, you are not at a loss.