I know there is a concept of loss of rent insurance if there is a fire or something. 

Even if you hire all the subs and pay them as 1099's, in some states, whether or not some one is an employee under the workers comp laws are determined at the time of loss. 

Hi All,Please, I need your help understanding the new IRS law starting January 2023, which will only allow you to claim losses on your business for three out of five tax years.

These losses can be locked up if you're not a real estate professional (REPs).

Potentially if you meet all the requirement to deduct the losses against your W/2. 

I'm working with a CPA who is arguing that STR should be considered a passive designation and therefore losses in our holding LLC cannot be applied to my W2 wages (which are > $150k).

I'm surprised to hear this still goes on, but I guess people have short term memory loss.

Also, what deduction or loss limits apply to a rehab? 

A few years after selling the business, but keeping the people I sold to as renters, the renters suffered heavy loss During COVID.

For quite awhile, I would use my company card to cover the costs and then reimburse my company on the monthly Profit and Loss statements, attributing it as a maintenance cost, and reducing their yield.