That's fine, i mean the profit and losses I've seen are pretty legit breakdowns.

When all was said and done, the design firm cost me north of $100K in losses , some of which was caused by the drawn out design process resulting from being in the dark due to the forgery.

However I wouldn't expect this to stop you from getting approved, but it may mean you should consider looking at alternative options or structure the deal in a way where you won't be caught with a net loss due to the PPP.

My mortgage and escrow don't allow me to consistently profit enough on both floors to handle a 20% management fee and not take a loss some months.

Yeah I can see using the welcome aboard forums to pump up your comment numbers to make it look like they've been around a while before trying to sneak a pitch for some scam guru trash  I think warm welcomes are nice, but the carry more weight from people who have been around.

The new PM says this isn't something they can help with and won't be getting involved, so I feel completely let down and abandoned by the old PM, and at a loss as to what to do. - Is this a reasonable stance for the original PM to take?

So, potentially in theory if you get ahead by one "payment" you are already doing pretty good.You need to be "ahead" on your income/loss, not "behind." 

This information is purely education to help me understand the income section of a property management profit and loss.

Second position lienholder have done some shady stuff in order to delay a loss, including filing suit against all parties or trying to obtain a temporary restraining order.

Cost segs unlock these savings, but the losses won't offset your ordinary income from your job unless you are an RE Pro.Here's how to think about RE Pro status to make the best case with your CPA and the IRS:RE Pro Status starts with the IRS definition of a Real Estate Professional (IRS Pub 925).It is not as simple as getting a real estate license or working for a firm that provides real estate services.Ask yourself these questions to see if you qualify:Q1: Are you in the right business?