First, it does matter whether you are considered a real estate professional or not, but since this deal seemed to be qualified for a 1031 exchange, I will assume that it was considered a capital investment where you received or intended to receive passive rental income, generally speaking.So if you fully disposed of the property during the year, under IRC Sec 469(g), you should be able to deduct passive losses that you have carried forward against the capital gains on the sale of the property.

I have a HELOC at my disposal of 50k...Do I have a play here?

STR's need disposable income for travel.

There wil be some procedure in place for disposing of it.

I definitely think buy and hold is the way to go, but it depends on how much cash and/or private lenders you have at your disposal.

Say you have some bucks at your disposal how would you deploys these Benjamins to work for you?

He is a man with plenty of disposable income, so I sort of assume that would be his major contribution.

. (* This cost should reflect the costs of tearing down decks, sheds, etc and disposing of them as well as the home tear down costs.)I took the course out of curiosity.

Were you able to dispose the property?

(Now if the loan were in default and a notice to the borrower had been sent out as required by law, maybe thirty days prior saying that they wer going to dispose of the obligation, say by auction or under a public sale, then perhaps consent would not be required, if the bank itself goes into receivership of FDIC, the government has the right to sell off any and all assets of the bank to the public as it sees fit) But, in these cases, a bank that sells a note without consent would be open to liability.