It’s pretty simple honestly just do it every day for 90 days, get out of your own way and you’ll find a deal and find a way to be apart of it.Don’t be afraid, you’re 20 and have nothing to lose.

Even if you don't pay then, someday when you sell, you will have a huge amount of capital gains tax.If she leaves it to someone in her will, after she dies, the heirs inherit the property at a stepped up basis and can sell it with no taxes.

. $50k K1 loss3. no tax on distribution during the entire 5 years because of $50k loss.4. at the time of sales, you still have $20k loss left5. at the sales (~2.5 times multiple), you get ~$200k back ($100k original capital + ~$100k profit).6. you owe IRS capital gain for $80k + recapture of depreciation, depending on your income, up to 20%.If you don't do anything, then you pay IRS long-term capital gains tax and it's all done.However, if you invest all the proceed of $200k in the same calendar year on a deal with the same terms, then you generate $100k paper loss effectively offsetting capital gains tax from the first deal.It seems like you will eventually run out of paper loss unless you put additional money in. however, you can defer the tax quite a bit.You can continue to do this until you die.... when you go, your kids will get this tax-deferred investment on a stepped-up basis wiping out the tax liability.Am I understanding it correctly? 

If you partner with others you will share the cashflow and the equity (or whatever you all decide) on a permanent basis, so you'll want to make sure you and the partner(s) are aligned.Keep at it, Jemma!

First of all, I would make the decision from a zero basis. 

(could be totally wrong and confusing scenarios)I'd check with some other lenders as well like @Zack Karp or @Michael Facchini - This is something they deal with on a regular basis.

@Leah SpurlockI can speak on the insurance side of things a little bit, I work with claims everyday.

Lending is such a dynamic space right now that changes on a daily basis. 

When and IRA engages in a trade or business on a regular or repeated basis, it is taxed at trust tax rates on Unrelated Business Taxable Income (UBTI).

You cannot just exit out of partnership without adjusting the basis for you and your partner.