One side-note, the number on your K-1 will be -$1,328, not -$80,000.As to the advice to get advice from your personal tax advisor, that comes primarily because most of the people on this website aren't qualified to give tax advice and shouldn't be purporting to be qualified to do so. 

That seems unlikely, given the drumbeat of political pressure against STRs in Boston.The purported rationale is that STRs remove units from the inventory available for long term leases, driving up rental prices and reducing availability for renters. 

The purported “fair value” is $11M.

They purport gross rents to be  $4,500/month. 

Given the heavy focus on commercial, I'd have to guess it was investors or REITs.Interesting to see the numbers involved, vs the BS thrown around by purported bulk REO sellers.

Even with the best of screening procedures, leases in C markets are an educated guess as to what will happen, not the legally binding contract you purport them to be.

Maybe he misinterpreted the purported threat.

For most people, that can be accomplished on a $100K income (or even less).In my personal experience, making $100K/year working 4 hours/week isn't too difficult when you are good at automating, systematizing, prioritizing, batching, outsourcing and delegating -- all things that are covered in the book.If you're looking to get independently wealthy working 4 hours/week, this book won't be able to help you with that...but then again, it doesn't purport to...

Since you don't actually have cash though, but instead purported yourself to have cash when you didn't, the asset manager is seeing through this and trying to get to the bottom line of your offer.

The reason they do is because they are purporting to be something they are not.