Unless you have a solid plan to turn this around, selling now and cutting your losses might be the best move.

Work with a tax professional (preferably a CPA that does tax planning and not someone at H&R Block or TurboTax) to ensure you qualify.

We're crunching numbers and planning to make purchases this year in the self-storage space.

I highly suggest getting your feet wet in your local market if possible if you plan to rehab or manage the property yourself.

I plan to refinance in two to three year once rates come down a bit.That said, I need to be very confident in my numbers on the hotel, since I'm putting risk on my other properties and essentially wiping out their cash flow.Happy to connect.

And also, know everything about operating real estate, if you really want to know the risks: business plan, financing structures, ability to execute, market research to vet their underwriting assumptions, how fees can influence investment decisions...3.

I also have some cash reserves that I plan to dump into a contingency fund for each unit. 

I am just planning. 

But…he can make the buyer regret it if he doesn’t plan to move it.

I had planned to slowly build an investment portfolio on my own.