In the past when I've looked for purchases cap rates were reasonable enough that purchasing listed assets on the open market was attractive.Now, having disposed of some matured assets I'm in the hunt for acquisitions again and want to diversify the portfolio (rather than simply lever up into even larger properties) into a larger number of properties.

Bulk salt, oils, vinegars and tons more.TP, paper towels, small soaps and shampoos, coffee pods, tea, creamers, Splenda and sugar packets, disposable cups, inexpensive food containers to take food home, Ziplocs, aluminum foil, parchment paper, plastic wrap....on and on.I believe is providing a lot of stuff like that for guests.

Maybe they were hoping I wouldn’t notice the bad smell permeating the house, or the unauthorized changes to the shower fixtures, missing closet shelves, mold/mildew on window sills and frames, filthy oven (all contrary to Lease), and also cigarette butts and dog waste outside (both required to be disposed of daily per the Lease)….well, you get the point.

However, as a novice in this field, I'm seeking guidance from the experienced members of this forum.Background:Age: 31Business: Growing rapidly with substantial disposable income that isn't needed to grow or operate.

@Jack B.Tax planning for an orderly disposal can be fun and highly recommend you work with your team on this.  

Keep firing questions. 25+ years of experience in the real estate industry at your disposal.

@Baha El Far After having owned two bed and breakfasts for 24 years I can tell you that you will have disposable costs each month with a STR.

stocks sold that were held for more then 12 months is a common one Looks like according to this link, stocks capital gain can't offset passive losses.Here is how the IRS defines Passive activities (IRS Publication 925):This means that you cannot use passive losses to offset capital gains, portfolio yields, ordinary income or any other form of taxable gains.It seems like the only kind of sell that you can use the allowed losses are in this case:As the IRS explains, “generally you may deduct in full any previously disallowed passive activity loss in the year you dispose of your entire interest in the activity.”

Passive losses are typically carried forward to future years and used to offset future passive income or gains from the same activity or a similar one.However, there is an exception under the tax law for "passive activity loss limitations" when an investment is disposed of in a complete disposition.

Both you and the related party must hold the properties for at least two years after the exchange.If either party sells or disposes of the property before the two-year mark, the IRS could disqualify the exchange, making the capital gains immediately taxable.