Asheville has just recently started to feel like it's beginning to come back online, but a long ways to go for a full recovery.

That's why there's been little activity. if you don't have to sell, you hold on.This extend and pretend will end sooner or later, and when it does, investors will be forced to sell.

While it is true that the time of year can influence market activity, as others have mentioned, there is usually a trade-off depending on the season.

I also want to be active in other rust-belt cities that are similar to Milwaukee and I want to be part of their eventual comeback: Cleveland, Detroit, Pittsburgh, St.

Gaps in rent payments or undisclosed tenant issues should have been red flags.It’s good to see the OP trying to help their client navigate this, as acting promptly is critical for any chance of recovery.

@Sam Dal Passive activity gains, such as those from a sold multi-family investment, can only be offset by passive losses, including accumulated ones from prior years.

I'm actively working through this process somewhat now so I can roll funds into a bigger boutique hotel project.

It's not a get rich quick scheme, it's a lot of active work and I would have 5 yrs in my head at a minimum before you truly become established and stabilized. 

If you have an active root...over time it will grow back in there unless you excavate, cut and remove. 

I'd rather just invest in something that would gain value and get deductions through an active business - created for the purpose of tax deductions.