This is great of your accountant who may choose to advise that you liquidate shares during a tax year where you realize some loss elsewhere.

You'll want to keep track of these because they can Increase or decrease your at-risk amount and as a result the losses you can take as a partnerYou or your CPA will need to report these on your IRS Schedule K-1s for each of the partners in LLC. ...

That, combined with hidden repairs combined with self-managing a low income could all construe to thousands in losses. 

The easiest way to start is to go into your local branch banks and ask for their loss mitigation department, and once you get the right person, ask how you go about buying their REOs.

By this time 18 months have passed and the property through neglect, no maintenance, loss of tenants, etc. may appraise for significantly less than amount owed.  

So for him, paper losses are good.

It’s emotionally draining, but I’m determined to honor his legacy by building a real estate portfolio, just like he did.On top of that, I’ve faced a lot of loss in recent years.

The only thing is WY LLC will flow through the income and losses to our individual CA return. any insight on this matter is greatly appreciated as I’ve heard and saw conflicting things regarding LLC needs to be registered in CAthank you ! 

This delays evictions and often results in significant financial losses for landlords.

This means I will take a significant loss to ensure investors do not lose their initial investment.