What feels odd about including a deed that is still in the redemption period as inventory is that if the property redeems later in the year, that would decrease my inventory numbers for next tax year which would appear to the IRS as a loss.

After tracking all my expenses and income on my profit and loss spreadsheet, I was showing a total loss of $3,898.38 for the year.

@Mary JayDid you calc your rental profit/loss with 75% rent?

The loss of the extra 5 units was worth the additional value of condos. 

They ALWAYS pick winners and losers, spend more than they need to, forget the little guy, and their assistance never really fixes the problem.Investing with the hope that government will cover your losses is not an investment plan; it's a plan destined for failure. 

So what I would say is I’ll lend you the money but I don’t want to carry the risk of loss.

Your total loss is $4,800 but you've only set aside $1,500 for maintenance and vacancy.I don't know your situation but for an average investor, I would say this is a weak deal.

Andre,If you put in a claim they will want to know the cause of the loss.

Just be wary of it in the future as you get more properties and if those properties are a loss on paper (tax write offs), then you may eventually run into DTI issues. 

International deep pockets are always looking for opportunities to play in U.S. market.They famously overpaid and ended up selling at big losses.