I agree I need to start analyzing deals to get a better understanding.

Quote from @Kevin Barry:  Not exactly sure how this would work to make sure we are taking advantage of the loss reported for our own personal taxes.Good news:Your understanding of the process is correct.

I understand comps, but I'm not sure about repair estimation.

However, similar to understanding the property market, I require assistance when it comes to discovering unfamiliar places.If you are good at investing and also at traveling, please share what you know.

Thoughts please.Hey Eric,First, I would start by making sure you understand how to evaluate/analyze buy-and-hold deals.  

@Ana Vhan While I understand your frustration at this situation, I would encourage you to just write the $400 off and take this as a lesson learned. 

When I finally got my return back, they had me owing bout $25k...but since I know and watch my numbers, I knew that it wasn't correct and I was even able to look at the return, with my elementary level understanding of their field, and find errors.

I purchased in a D-class neighborhood, have a tenant who has a section 8 voucher, cmha just submitted an offer, it came well below hud, I’m trying to understand their pay standard and can use some guidance.

Gross negligence often comes in the form of folks just not understanding fully their policy and most are not going to hire a lawyer to read over the insurance policy hence we like doing the additional asset protection.

I understand zoning is important and some of them are zoned for multi-family and others single family.