If you’re doing this because you see a market niche, and you can withstand an occasional loss, then that’s fine.

What if you can't foreclose or there are other restrictions on what you can and cannot do for loss mitigation?

Don't know how taxes work in CDN on operating losses, but that may help you offset some operating income?

Land TrustAssignment of Beneficial InterestWhen I was doing short sales, the procedure was to gather all the documents, then call the lien holder's loss mitigation department for the loan info and the fax number to fax an offer to, then fax the offer over.  

Once you have had a rental long enough that it shows on your tax return (within 1 year of your purchase), the loan officer will use your taxes to determine the net profit or loss, they will also add back the depreciation as income. 

So we tried all the manners to compensate the loss. 1.

If so, cut your losses and sell.

So I am reading what Account Closed posted and IF I am understanding correctly, when I start taking SSI and say I had 30K of rental income that showed as a 'tax loss' due to depreciation etc... and I took another 30K from my ROTH IRA, NEITHER of those sources of income would count towards making SSI partially taxable?

Also, the Government has put a moratorium on evictions, so Landlords are stuck eating the loss. 

I am very eager to start building my real estate portfolio, yet I am at a loss of where to start considering I don’t have that much money and will still be attending school this fall .