As indicated, I never had that issue due to the infinite return.  

By "Tax Loss" I mean that it is likely that without depreciation your property is cash flow positive.If you Materially Participate in the management of your portfolio of rental properties, that loss will be treated as Non-passive, and will flow through to page one of your Form 1040 tax return.  

There are not a plethora of 'home run' STR's that are going to return in 2-3 years but there is significant value and definitely properties that will return 20%+ COC and definitely several dozen that are obvious values in their own right, and will absolutely carry all operating costs. 

The reason the answer is framed this way is because when you take a HELOC out to make repairs on your personal residence, you are allowed to tax the interest deduction on your Schedule A of your 1040 income tax return.

As Dan mentioned above, if you have something stating that it was a 90 day refund policy, then you should pursue getting that refund and don't let up easily.

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

Construction costs have gone up in SW FL - but we still have not pushed that onto our investors - leaving you a very nice return on your investment.

Your rate of return was 13% versus the 9% return not utilizing leverage.  

I believe it to be a little Southern California hidden treasure for cashflow, mainly class C but if you know what you are doing its a really good option to invest locally in CA with decent returns.

In return they can show you exactly how they structure the deal and all the proper paperwork.