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

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.

If you want to buy rehab and flip homes.. then this is part of the process. if you to thin skinned to deal with it then maybe flipping is not for you..

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.

Having someone local who has skin in the game and experience would be valuable.

I want to know how much skin they have in the game, the loan, and their track record.

Anyone who aspires to be a wholesaler and reads this forum, grow a thick skin.

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