I got divorced last year and I kept the lake house, but I also bough 3 more properties and I'm already renting 2 and I live in one.

Can we takes losses from syndications (as a LP) and deduct those losses from our W2 income, Based on the fact that my spouse qualifies as a real estate professional?

Last Dec was no different, i send in the money for the license, fill out info and expect a reply shortly thereafter.

No "headaches" except for risk of near total loss of principle unless I put more money in...I'll take the risk of a project that I need to complete personally in exchange for a near-perfect risk/reward profile and complete understanding of the investment.

If you got the property using a second home loan, you want to be careful with the amount of days that you stay in the property.If you stay in the property for more than 14 days, it may potentially be hard to utilize the losses against other forms of income.

Depending on your definition of house hack, these excess losses may be able to be carried forward as passive losses on form 8582 (not enough information to determine this part, would need additional info).I will mention as well that if you choose to switch to another accountant who more specializes in real estate, being that it's April, any good CPA will automatically want you to file an extension.

I don't know about this cap rate projection, at least in CRe-Retail we project out a 10 basis point rise in cap rate for each year the property ages, so the Cap rate may be 5.5% assuming interest rates don't budge, (probably heading higher as US Govt has to deleverage its last 40yr debt run-up, like we did between '45 and '82, and we did again btwn 1899-1920, same 30-40 pattern going back to mid-1800s)I watched all their videos/podcasts/available webinars.

Hi @Drew SygitSounds like a tough situation for both you and your investor.Over the last few years, HomeRoom has housed thousands of roommates in our homes and used that time/experience to fine-tune our approach when dealing with cities and neighbors.City interactions are quite rare and we are typically able to work through them.

Last intel the Gulf Coast cartels are the worst.  

The loan is a not a loss so therefore no write off.