Trying to cut my losses as the borrower got all her unsecured debts discharged through Chapter 7.

Returns are great if you get a good area and build a solid team but thats going to take some leg work in picking the right people that see's your vision. 

@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.

But because he raised rents each year, and rents were increasing by ridiculous rates, tenants constantly moved, had to sell the property at a loss several years later due to constant vacancies.Finally, the most interesting situation I ran across was a tenant, a 93 year old tenant paying rent on a 2BR apartment for $90/month.

I think the development of the place is in the vision of the leaders.

The days we knew back-when have been sadly mostly lost, to the loss of everyone. 

I knew nothing about renovations, home ownership, or property management, but I had a vision, determination, and a mentor in my dad.

Is it provided by PreREO and who is the loss payee?

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.