This total, and no more than that, becomes the minimum bid the auctioneer can accept when the property is offered for competitive bidding at the courthouse steps, sheriff sale, or whatever it’s called in your state.If the property does not make the minimum bid, it’s obviously not worth that, and the property goes to the lender – at a loss.

@Michael Plaks I'm at a net loss on most due to mortgages.

I own 2 real estate rental properties with $132,000 total passive activity carryover losses accumulated for both properties over 5 years.In 2019 I sold the less expensive of these properties.

This will determine whether positive cashflow is feasible or not. 

I haven't, was hoping to know if this would even be feasible with the amount of cash we have.

Feeling a bit at a loss of what to do, and powerless. 

As we file taxes jointly, this will provide us with the ability to claim all rental activities/losses as active, with the potential to deduct against my W-2 income.Trying to plan ahead for my next move.

Golf courses are a loss leader or amenity only for hotels and resorts these days.

While the investment was made last year in May, we have not received any distributions as of yet (looks like net rental income was a loss).

I am a complete beginner regarding hard money lending and 'd like to protect my money from loss.