This would allow you to maximize tax deductions at ordinary tax rates.

I meant yearly K-1 reports showing yearly income from cash flow (prior to year of sale), would those be taxed as ordinary income please?

Got this from the sponsor - Real estate gain is 1231 - but there will also be recapture of depreciation which is ordinary income.With a few unknowns before the actual k-1 is released, it's hard to make any concrete decisions but was just wondering if I should sell some long-term held stock at fidelity to offset the gains

This will work for ordinary losses, but not from negligence or unlawful activity.

@Damon AlbersSounds like these properties are in a class c area and your manager is not doing a good job vetting themBut this is not out of ordinary for c class rentals which is why people look at cash flow and be like wow but one $5000 bill can wipe out 4-6 months of rental income and properties never make money and rarely appreciateThis is why we do not do lower class rentals as stated cash flow vs reality are typically not close

You're in the business of flipping houses, so any self-employment taxes on the ordinary income most likely aren't being calculated in QB. 

Maybe you don't know how to differentiate between ordinary maintenance and tenant neglect/abuse?

“It’s just an entire ripple effect.”Not your ordinary REITDuring the Way of the Renaissance Man podcast interview, Mendenhall told host Woods that he came to real estate after an early career coaching college baseball, a grueling vocation that he said left him feeling burnt out.Mendenhall did his coaching at the University of San Francisco, according to his biography on RAD’s website.

Their most significant risk is an injury lawsuit that will either be dismissed or settled out of court by their insurance provider for well below the liability limits.If a mom-and-pop investor obeys the law and treats their tenants honestly, they'll never have to worry about asset protection beyond ordinary insurance and a small reserve. 

I'm a CA resident, so gains would be taxed as ordinary income.