As long as the LLC member(s) are active participants in the rental operation, up to $25K in pass-through losses can be used to offset other ordinary income on the personal 1040 (subject to MAGI limits).

One person's unique could be my ordinary, and vice versa. 

Seller financing does not always sell for more money and if there are big price declines then you may end up having to forecloseMy recommendation is to sell it with borrower getting traditional financing and put that $ in a tax friendlier account than loan interest = ordinary income rates

My goal is to put it into an investment that will depreciate enough in the first year to cover taxes at ordinary income rate on 300k. 

“Gross negligence is the twilight zone which exists somewhere between ordinary negligence and intentional injury.”

This is "ordinary income" and you will show it on your personal tax return.

Disclaimer - I am not an CPA or attorney but I became financially free doing this for myself after 10 years working as a w2 engineer :( and I am sick and tired of seeing highly educated and hard working professionals getting stuck in the rat race because we deserve financial freedom and the option to do more with it.If you are able to implement a real estate professional status tax strategy (REP) you can use passive losses from syndication deals to lower your ordinary W2 income.

Mario,Nothing out of the ordinary.

If your losses exceed your gains, you have a net capital loss for the year.Offsetting Other Income: If your net capital losses exceed your capital gains, you can use the excess losses to offset other types of income, such as ordinary income from wages, self-employment income, or interest income.

I am not as connected to the retail world as I once was, but this sounds very out of the ordinary.