You don't get to choose who claims the property based on who makes more money.Third, here comes the bad news: you cannot generate tax losses from renting rooms out of your own (or your daughter's) residence.

., such as the ability to offset W-2 income with rental losses using accelerated depreciation, but I’m unsure if the same strategies apply when dealing with foreign properties.

You will be showing a paper loss on your rentals so you want be paying any taxes off them.

I have one right now that loss mitigation last week said it looked like a good offer and so it was handed over to their negotiator.

I have losses financially now as the rehab time is almost twice the timeline now that was given in the beginning.

I beleive whether they count your paper losses as actual losses or not is determined if your lender has any overlays or not.Someon ccorrect me if I am mistake. 

It might even be sell at a loss and just move on rather than chasing bad money with good money.

Most times things don't go to plan in one way or another.You need to develop your project management skills because that is how you eat a loss on one area and manage the project to success.

I'm basically at water level on this, and I don't know that other investors could make this cashflow any more than I could without me selling at a huge loss. 

We excel under current market conditions – the same ones that have many people panicking, as several of the major players in the real estate fund space are reporting losses, forced sales, foreclosures, and SEC investigations.