Is it possible to include a clause that makes explicit that the tenant  elects not to purchase insurance and waives their right to damages and loss?  

I run my business almost a loss, so can't show income either.

Always include even if self managing) plus 1% for turnovers.5% Credit Losses (Uncollected Rent and Skips)5 - 10% Maintenance/Repair (depends on Age and Condition of property)5% Taxes and Insurance (Varies)5% Utilities paid by owner (Electric, Gas, Water, Sewer, Garbage)5% Landscape Maintenance/Snow Removal 5% Misc (HOA fees, Pest Control, Legal, Accounting, Advertising, etc.)5 - 15% CapEx.  

However if it will cause a loss on your tax return you can't take 179.

It's also a turn off that class B offices with only 2-3 tenants easily cash flow negative with the loss of one tenant.

All income and losses for the LLC would pass-through to our taxes, right?

Hello everyone -So I just wrapped up my first year as an investor and landlord (great experience so far) and I'm in a situation where I need to decide whether to take one of my tenants to small claims court or just eat the losses as a learning experience.The property I acquired is a commercial  office/warehouse property with 8 units: two units are shared and there was 1 vacancy.  

If it's not looking great when you see the budget,  you could see a MAJOR loss in cash flow due to having to pay for an assessment.  

You better get to know the area and the market well before jumping in or you could end up taking huge losses on properties that seem like great deals but aren't.  

I'd like to get some tax advantages off the property, either by putting it in my companies name, getting some sort of "gift" value from it, etc...I didnt know if I should tell them to buy the house they want, put it in my company name, and then I can take a loss off the "rent" that they dont pay the first few years?