You are twice as likely to die in a bike accident, 4x as likely to choke on food, and about 90x more likely to die in a car accident.

The new PM says this isn't something they can help with and won't be getting involved, so I feel completely let down and abandoned by the old PM, and at a loss as to what to do. - Is this a reasonable stance for the original PM to take?

So, potentially in theory if you get ahead by one "payment" you are already doing pretty good.You need to be "ahead" on your income/loss, not "behind." 

This information is purely education to help me understand the income section of a property management profit and loss.

Second position lienholder have done some shady stuff in order to delay a loss, including filing suit against all parties or trying to obtain a temporary restraining order.

Cost segs unlock these savings, but the losses won't offset your ordinary income from your job unless you are an RE Pro.Here's how to think about RE Pro status to make the best case with your CPA and the IRS:RE Pro Status starts with the IRS definition of a Real Estate Professional (IRS Pub 925).It is not as simple as getting a real estate license or working for a firm that provides real estate services.Ask yourself these questions to see if you qualify:Q1: Are you in the right business?

When all was said and done, the design firm cost me north of $100K in losses , some of which was caused by the drawn out design process resulting from being in the dark due to the forgery.

I would rather rent at a slight loss than to be vacant for an extended period of time.

While you can save huge dollars by increasing the deductible just a single percent, the downside can lead to catastrophic cash shortfalls in the event of a loss. 

If the STR is placed into service at the end of the year, they can use the paper-loss from the STR to 'potentially' offset other forms of income such as wages, interest, dividends, etc.Best of luck