There are some accumulated passive losses but not much.

There certainly may be some loss aversion that drove Tyler's choice.  

And for example there was a Crowd Street deal (Nightingle) where the sponsor omitted losses from their claimed track record (and ultimately was fraud...they never even bought the claimed property).And there appeared to be some difficulty or confusion with obtaining the full and complete track record ( including both realized and unrealized deals).

It is widely recognized as a loss leader within the industry and those who are successful normally have a complimentary business such as a brokerage or a construction company that performs complimentary services.

When an offer came in for 30 cents on the dollar, I decided bail out, so took a 70% loss. 

Hopefully you sell if for enough to be able to walk away without a loss.

However, they aren’t responsible for losses, debts, or costs—these remain the property owner’s responsibility.

I'm having fun, but there are a lot of other reasons, I'm doing this investment that you probably don't have, can't get, or can't take the potential loss. 

so comparing miami to ohio or kansas or iowa is very wrong in my own opinion, because you are comparing diet coke with unsweetened tea, once the economy created its own pattern of success , comparing it to other town would not be accurate becoz the methodology of understanding the phenomenon has not been researched yet.like california is now the strongest market in usa although price wise it is the second highest and huge pop declines.

Which means, if you’ve structured your taxes as losses for the last two years odds of qualifying are slim.