I’m confident that everyone who reads this will gain a deeper understanding of PMLs and HMLs :))

Rather than trading depreciating paper for a digital paper that produces a roller coaster of emotions, I'd rather trade it for REAL income-producing assets that appreciate over time and give me more paper.Those emotions are where the reward is.

Consider carefully what types of properties will help you achieve your long-term goals while maintaining the financial freedom you’re working towards.Let me know if you'd like to go deeper into the financial modeling or need any assistance with financing options to pull out the equity.

People are so emotional and just throw things away.

You still need to factor in those additional expenses.If you'd like help diving deeper into the numbers or need any advice on financing options, feel free to reach out!

Acting on emotion and ego when buying or selling.

Then you have wiped the slate clean on the loss carryforwards, that $200k of released loss carryforwards offsets ordinary income first - so you will actually get a great result.Then, in 2025, when you have no more pass loss carryforwards, consider making that real estate professional status aggregation election, and utilizing cost segregation on properties you acquired in a prior year.Of course all of this - get some real tax help, I'm just another guy on the internet here, and there should be a deeper dive on the circumstances than what you can get through a forum posts to ensure this all actually works properly in your situation.

If you have any questions as you go deeper into the process or need help analyzing a property, feel free to reach out!

This will allow you to make decisions about the property without emotion and the PM can handle the tough conversations.

Let’s dig deeper into these teams of professionals.