to close this thread,From Nicholas Aiola's Ask me (a CPA) anything about taxes thread,"@Daniel Han Passive losses can offset the gain from the disposition of a passive activity.

Disposition - the property needs to be able to have an exit strategy2.

Follow your local laws.The best solution would be to get something in writing from the former tenant regarding disposition of the contents. ie, have a relative come get the stuff or whatever.

Presently, my full time job is with the Connecticut DOT, in the Office of Rights of Way, which handles legal real estate from project management to land acquisition, title work, document prep, closings and excess land disposition.

But I've always believed in the value of a mentor - someone experienced in the industry from whom you can learn through osmosis.Having the benefit of working in this industry professionally, I've participated in the acquisition/disposition of over $1.0B+ of commercial assets - multifamily, retail, industrial and land.

Cost: You will probably pay around $20-30/hr at 10-15 hours a week. 40+ Deals a YearHire: Once your business is scaled to 40+ deals a year you would hire a dispositions person who we argue is as important as an acquisitions person.

@Jack Calhoun There are a few "rules of thumb" but ultimately, you'll need to do a full underwriting on a property before you actually put in an offer.I would suggest finding a good property analyzer spreadsheet and getting enough practice that you can quickly do an initial analysis within 30 mins or so.Some things to look for in a property analyzer: Allow for separate entry and exit cap-rateMin 5 year forecastinput for rent/expense growth on each yearincludes rehab and capex costsincludes debt service and financing costsincludes acquisition and disposition costsProvided IRR for planned exitHonestly, there's a ton more bells and whistles you could add, but I would consider that the baseline if you're talking about deals that size.Hope that helps!

as mentioned above there should be boiler plate mandatory mediation for these circumstances.. but as long as U dont sign the release the money just sits in title company account.. after some time with no resolution  ( At least in OR and WA which usually is very close to CA) money is then interpleaded to the courts for disposition then you both lawyer up.. these rarely go that far as lawyer fee's exceed the amount your arguing about.but splitting the baby in some manner is for sure a very common outcome if you dont want the drama.

So many deals set up where the gp’s income is guaranteed and even some where the disposition is a refinance that buys the LP’s out.Justin, you mentioned the foreclosure rate being 10x higher in SFR.

A demolition is a disposition for zero dollars of consideration, and I am comfortable with the position that if a dwelling unit is demolished or destroyed, and the subjacent land is sold thereafter within the time confines of Sec 121, the land qualifies for the Sec 121 exclusion as long as the prior dwelling unit would have met the ownership and use requirements under Sec 121 notwithstanding the demolition or destruction.