We will be investing through a US corporation and all partners (and there are many) are foreign nationals so we cannot give any personal guarantee or collateral.

Be sure you have registered ALL your Corporations and LLCs by December 31, 2024Failure to file is a $500/day/entity fine!

In that case the rental contract spells out specifically the obligations of both parties.What I personally do with all my rentals is that I regard the rental agreement as a contract that both parties are obligated to fulfill.  

Your tax software will be happy to oblige and "allow" your losses.

Here are a few alternative rental strategies:Medium-Term Rentals: Platforms like Furnished Finder connect you with traveling professionals, such as nurses and corporate employees, looking for 30-90 day stays.

If the rents were collected after closing and they were not addressed in the sale, then you shouldn't have a legal obligation to give them anything.

In order for Waco to realize its potential, they need more corporations that will provide an influx of jobs for college graduates and higher earners.

I have 17 years of corporate RE and compliance experience, so the LIHTC reporting and annual financial audit does not scare me.  

First, be sure you have registered ALL your Corporations and LLCs by December 31,2024Failure to file is a $500/day/entity fine!

If the tenant is requesting a cosmetic upgrade, you have no obligation to do it.