So just for the sake of confusion.As for the minutes, I refinanced several properties into a package earlier last year, and for the first time, the lender asked me for official minutes showing where decision was made to refinance and reasoning for the decision.

Some will slip through your fingers, sellers will ghost you, and contracts will fall apart at the last minute.

Just based on the info you provided I would take the loss and move on.

Not enough information here to answer this question accurately.Is the home a total loss? 

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

********************************The basic idea is that of you can make the same return on Treasuries with little to no risk, there is no incentive to buy real state.Some very large Hedge Funds are selling inventory at a loss, below what "current market" is.

One of my goals is to go through my past tax returns, and figure the ROI my rental properties with taking into account the tax savings (I typically calculate the ROI on net cashflow at the end of the year)I have a W2 so I generally aim to maximize my pre-tax accounts - 401k, HSA, IRA to a backdoor Roth IRA, 529My "losses" would be passed forward since I don't qualify as a RE professional nor have active RE losses.

I'm glad you have an umbrella policy for the first 10, but when you own them in your own name, a loss in one property can spill over to the others, and personally.

Guess I had the one in a million situation and loss 30K on this transaction. 

Unless you can weather a storm of bad ROI for the next few years I say you cut your losses.