You will need to continue filing a MO tax return even in loss years.Given the complexity of passive losses and state tax credits, consulting a CPA can help optimize deductions and ensure long-term tax efficiency.This post does not create a CPA-Client relationship.

@Jonathan Blanco, I'm and investor and a licensed mortgage broker so I've been on both sides of this conversation.I would look for a lender that (1) listens to you and understands your strategy and needs (hint: it's not always money), (2) has experience working with clients executing your strategy and brings more to the table than just cash - be it advice, relationships, deal-team partners, etc., (3) gives you viable options and explains the pros and cons of each option and (4) you enjoy interacting with - this should be a relationship, not a transaction.Once you find a few lenders like this (and you should have relationships with more than one), then you can start comparing rates and fees.

If I read the story correctly, your client did not report rental income.

We have had some clients do this.

By year 5 we had around 55 people.We did hire a marketing person but frankly marketing wasn't our strong suit. 

We use Flourish Cash for our clients (no fees), and it yields 4.90% with 1.5M in FDIC coverage. 

Since my firm is an investor private client boutique, I do not share resources outside of my client base.

I remember years ago our attorney reviewing one such issue for a client that was coming over to us. 

I work with investors, I am extremely knowledgeable about this market and I have a strong team of vendors.

But on that note I do use about 4 different data sources for comp'ing the property's rental price estimate for my clients.