In short, getting the place restored was akin to remediating damage from a natural disaster.In the trash and belongings abandoned by the tenant, he also left the OM for his healthcare real estate endeavor, nasty-grams from the IRS about his personal taxes, and collections letters from several creditors after him.I got burned here and so did my property manager.

There are some partnerships that are designed by nature to be short term, so there’s not as much to lose if things don’t turn out rosy.

It feels more natural and definitely eases the awkwardness that can come with the “salesy” approach.

Any damages  a tenant must pay for, unless its an act of nature or tree roots. 

Investing by nature implies there is a risk of loss like this.

The reason is, the original farm house + 5 acres in the 60’s was occupied by a group of 5 families that were into some strange kind of “natural living “ they only ate a few kinds of fruits and seeds.

As you have experienced this is the nature of these transactions.

Answer: No, buying an STR doesn't change the nature of historical passive losses on other LTRs you own and carried forward from prior tax years 

But humans are humans, human nature is what it is.

I, like most posters here, have a natural bias toward our area of investment/financial/business interest.