Factor into your cap expenses- loss of your furnace, water heater, and any thing of value that can be removed easily when it becomes vacant.  

Even if you have no cashflow and just pay down an 80% loan you'll get 10%+ returns with the added benefit of "losses" on your taxes.If the deals are there and this is your best source of cash, I'd say the 10% penalty (if there is one) shouldn't be a barrier at all.

If they get pissy and don't reply.. well their loss.

Build network of like-minded folks and win/win syndicators so i can find a place is to invest this year.Not tooting my own horn but you might wanna check the articles below out:Deal Screening Checklist for Passive Multifamily InvestorsThe Inside Track to Vetting A Multifamily Deal SponsorYou'll save yourself a ton of heartache, loss of brain cells and time. 

Since we started renting in Q4, it will result a net loss for 2018. we are wondering how does the loss offset w2 income ($400k+)?

Does that mean you would have made a loss?

Worst case, it gets outlawed in a town AFTER you’ve bought a place there & now you have to sell at a HUGE loss bc there’s no buyer demand once STR use is banned!

Or did he lose a lot of money on a deal gone south and he's trying to recover his losses?

Their loss I suppose, on track to do close to $2mil gross with Airbnb in 2019.

When we filed out annual K-1s, I would get a lesser tax write-off than the other partners because I couldn't claim the 'loss' for the unit I lived in - you can't 'pay yourself' rent.