The only thing I would say is that the east side neighborhoods(Dignowty, Highland Park, Government Hill, etc..) are getting nicer every month since there are so many investors rehabbing those properties, so I wouldn't discount them completely.

Additionally, thinking about investing in different property types or enlisting the help of a trusted property management firm may be wise choices.

I'm going to add it to my toolbox should I ever be put in a situation like yours.

In addition, it saved me a lot of time, which let me act quickly when a good chance came up.The journey of overcoming challenges in underwriting deals taught me invaluable lessons.

If it isn't then I would add it asap for them to sign the next renewal.

And enjoy additional income from the tax you don't have to pay.

Most investors I talk to focus too much on discounting the sales price to squeeze as much as they can from a seller. 

I invest in a syndication and receive a K-1 showing a 100k lossQuestion:  What additional steps would I need to take for me to be able to use my 100k loss from my K1 and use it to reduce my active household income?

@Tre DeBraga - In addition to the Simplified REI meetups (I host the Worcester meetup - next one is on 4/17), Enis Shehu also hosts a solid one in Framingham, White Acres.

Personally I always want my mentors or teachers to have a proven track-record in executing the exact strategy I am looking to learn, and I don’t discount that experience just because they are teaching (David Greene from BP is a great example).