In reporting the complete disposition of a passive activity, its current-year income or loss is combined with prior-year suspended losses for the activity.

My day job since I've graduated has been transaction coordination and disposition managing for a local REI company.

@Wayne Brooks Actually I am an attorney... just not in TX or FL.Once the buyer and the title company become aware of the adverse claim (thereby eliminating the bona fide purchaser defense) I doubt the sale moves forward without either the blessing of all parties (tenant joining in execution of the deed) or a final disposition of an action filed in an appropriate court.

Hey @Ravina Rao my team in Atlanta helps investors through the full investment cycle - from acquisition to management to contracting to disposition.

It will be easier during disposition as well.

This is often more useful from a sponsors perspective since there is no pref being accrued and the splits are based on the eventual disposition or other capital event.

I imagine that since most of your return comes from disposition, it decreases your returns, but there could be some preferred equity position that works for the birdogs willing to fund a larger rehab that is above the inflection point.

What's the acquisition fee, asset management fee, disposition fee, refinance fee, property management fee, admin fee, split after preferred return, and more. 

I asked what's next and was told buy Josh M who I was dealing with but was leaving on vacation (2 Josh's in this company listed on their website) that Timmy from his disposition team would contact me.

I have experience in acquisitions, dispositions and management.