Usually b/c if the deal is so amazing, the money is rarely the issue, and b/c those people that do have the money thus get to cherry pick for the 1 in 10 or 1 in 15 that is the MOST amazing of "amazing deals." 

It will take 19 months of cash flow to break even.This doesn't account for any maintenance issues or a really bad renter.

I read this as someone using a short-term lens to focus on a long-term issue. 

The PM is slacking and poorly addressing tenant issues. 

issued guidance saying that you can use LLCs if you get approved to do so.

The property was impacted by hurricane Helene and there is no substantial damages letter issued (yet?)

So now I have a whole different issue to deal with.

The inspection showed more issues than we expected but the seller wasn't willing to negotiate so we cancelled in the due diligence period.

We have two main issues that I will outline below: HeatingTwo heating systems in the home.

Generally, a loss can only be claimed in the tax year when the investment becomes completely worthless or when there is a final determination that no further value will be recovered.If the REIT has officially liquidated, been declared insolvent, or issued a final report confirming that no additional distributions will be made, you may be able to claim the loss on your 2024 tax return.