OK, how about this duplex: https://www.realtor.com/realestateandhomes-detail/4749-Richa...?

So losses from that specific rental may be utilized. 

Let me know if you need any more details.

These are the few details I needed to connect in my brain to understand the strategy better.

Can you go into more details about how you were scammed?

Quote from @Evan Polaski: @Chris Seveney, I hadn't looked at any details on this offering into now.Things to consider from their own marketing:Operating partner has done all of 10 flips.Their entry price point is a price that I would expect any truly experienced flipper to be able to take down very easily on their ownTheir historic IRR, while high by MF standards, is average, at best, from my experience with flips, and it is unknown if this is net to LP returns.I have flipped homes myself, so am not their target investor.  

If we were not able to raise the price of our homes by 20% or more we would had to stop.. my LORI plan started at 600k sold two of them and made our normal 100k net.. last loris I sold 36 months later went for 850 to 900k and we made right at 250k NET on those ones.. so it was very specific to plans that CASH buying empty nesters wanted ..

One thing to remember is that even within a specific market there can be subtle differences in areas.

As mentioned above, they specifically allow this.  

Quote from @Theresa Knower: Hi Andrew,In response to your questions:1) If this transaction is a related party transaction, then there are specific rules that must be followed.