Whether you're eyeing an up and coming neighborhood or trying to predict the next downturn, it’s always a gamble to wait for the 'perfect' moment.

Rentals as passive so if your AGI is over $150k you can't use the losses to offset your other income sources like your W2. 

There's not really any way to know one way or the other without a crystal ball I'm afraid.If I sell the property in the future does the carried QBI losses have any effect on taxes regarding the sale?

However, my other properties will depreciate for tax purpose, therefore I have paper loss, but I still cashflow on those.

For "SELL LATER", below, I'm thinking that the family of the majority owner will want to sell when they receive a stepped-up basis upon the patriarch's death (this is a gamble on my part).

The loss is that we had not taken into account the realtor fee. 

The small things you do every day shape the kind of investor you become.I’ve had my fair share of wins and losses, and through it all, these three habits have made the biggest difference.1.

Whether the full catch up of missed depreciation results in a tax savings or not depends on your passive loss limitations. 

The loss of priceless art, jewelry, autos, memorabilia and watches could often match or exceed the property values.

Or will you be subject to the passive loss limits?