The loss of priceless art, jewelry, autos, memorabilia and watches could often match or exceed the property values.

The tenant understands that the property of the Tenant is not insured by the landlord for damage or loss of any kind (action of third party, fire, water, theft, vandalism, storm, heat or cold, electrical damage, pests, mold, accident, etc.), and the Landlord assumes no liability for such loss.

Does it outweigh paying the capital gains tax?

As firefighters persist in battling the blazes, many residents are left assessing their financial and emotional losses.

Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.

Just take the loss and repurpose the downpayment capital into something better.

Certainly from a capital raise perspective, $5 -10 million is a reasonable amount.That being said, raising capital for a blind pool fund is much more difficult than raising capital for a syndication where the property is already identified and the potential investors know exactly where there money is being invested.

That being said, the only thing that being a QREP does is allow you to take losses against active income.  

That still has the 50% use requirement, but can be used to create a tax loss. 

This benefit allows the owner’s estate or heirs to receive the property at a new, higher basis—reducing capital gains taxes if they choose to sell the property after inheriting it.In short, partial disposition allows tax deductions for retired property components during ownership, while the death step-up basis resets the property’s depreciated value, providing tax relief for heirs.