In total, I won't be able to rent out my unit when I need to and I won't be able to sell unless I take on a heavy loss.

They are also the same individuals who are constantly involved in conflict, have terrible loss run histories and therefore higher insurance premiums and are paying far more on legal.

Did they suffer loss of principal during down cycles (or even up cycles for that matter). 

Create a realistic pro forma profit and loss statement to determine if this business has the potential to pay any more than you could make working a “no risk” job. 6.

Indicative price around $1.1M, which would be a loss, with tax around 2% potentially 20k/year.

He didn't have much downside in terms of potential losses, and I could be somewhat passive and protected legally (he owned the building site etc. and took care of liability). 

All Contractors are subject to the lender’s determination that the contractors are qualified and experienced, have all appropriate credentials required by the state, are financially able to perform the duties necessary to complete the renovation work in a timely manner, and agree to indemnify the borrower for all property losses or damages caused by its employees or subcontractors.Multiple Specialized Contractors:Ø Since this is a limited repair/renovation program, no General Contractor is required.

Although I care less about my financial loss, what upsets me is their manipulative conducts.

I am truly at a loss for words here. 

In this case, am I still able to count the inspection fee as a capital loss, even though this expense occurred before I rented out my first property?