That's $294,000 invested, plus six years of work and stress before they become profitable.I think it may be wiser to unload at a loss, wait for the market to bottom out, then try again with a property that produces positive income from the beginning.

I have to fix the issues with the property before I can put it on the market and recoup my losses and hopefully earn a profit.

No doubt there are recent job losses and interest rates are elevated, but I am not sure what percentage of the population are immediately affected...most just keep on living their lives.  

Passive activity loss (PAL) restrictions are not for bonus depreciation per se, but for an overall loss that is a result of subtracting ALL expenses, including depreciation, from rental income. 

Preferably comparable year over year.I want a good general ledger with all activity for the year.I want a good Profit/Loss (Income Statement) with a good delineation of revenues and expenses broken out into a few categories.

We don't believe there is anything that needs to be done with her lease, so we reply "Noted, sorry about your loss"4) Day 6: dishwasher leaks so much soap duds in the kitchen that it looks like it snowed there.

First off, i'm sorry for your loss.

While the potential outlook on these properties looks good, we feel stuck/at a loss of momentum.

B) in 10 years when you start earning more income than depreciation you’ll have carry forward losses.

. -- so I can't rely only on the PM's monthly statements and 1099 to track my overall income/loss from the RE.