Lending and insurance are based on predictability and without question the frequency and size of losses will continue to eclipse prior records.

Then you can determine whether or not to hang on to that one or seek something somewhere else.Even the decision to move into other asset classes like equities or whatever will need you to factor in the loss of investing capital in the form of capital gains tax (plus 5 years of depreciation recapture). 

Can you take the loss without completely ruining your finances?

It seems I am lossing money.:( Is that right? 

Typically, this results in the loss of hundreds of affordable housing units.

“Lyons, I love seeing someone with your drive and vision diving into multifamily real estate in LA—you’re in one of the most competitive and opportunity-rich markets out there.

Finding the correct contact info is hard enough, but if your pitch is that they should sell cheap now, you're misreading the market.Multifamily properties are worth significantly less now than they were just a few years ago, and asking for a further discount due to property condition would probably result in a loss, maybe not even pay off the debt.

While land loans still require good financials, smaller local lenders are often more willing to work with unique situations.You could also look into partnering with a private lender or forming a joint venture with someone who shares your vision.

In southern Florida I fund and profit / loss is 50/50.

Loss of rental income is only covered if it is listed in your policy.