I just received a letter stating that the only option they would offer me is a short-sale and that I was not eligible for a forbearance since I indicated I was interested in selling the home. 

Depending on the asset purchased, it will depend on the time that it was purchased.Real estate is placed into service via the mid-month convention.Therefore, if you buy a property in August 1, it is assumed to be placed into service on August 15th which gives you 4.5 months of depreciation.If you buy a property in January, you have 11.5 months of depreciation.However, if the asset you purchase is eligible for bonus depreciation, most of the depreciation would be taken in this year.Best of luck.

Website:  https://sethfc.com/programs/5-...Each of these programs has various eligibility criteria and down payment assistance terms (e.g. grant vs. 3-year forgivable second lien vs. 30-year deferred second lien), so it's important to work with a lender that's an approved partner of those programs and can match the homebuyer with the right program.

If so, then the 401k must have an In-Service provision to eligible to move the funds.

@Andrew Lopez, in MANY cases for the numbers on a BRRRR deal to work out the property needs to be very distressed and often not eligible for a traditional loan for the initial purchase.

FHA and VA loans are typically eligible for assumption.

Surprisingly, I discovered that I was eligible for a private loan to obtain a home mortgage.

The underlying fundamentals in Chicago are very, very stable.

Are the LLC's multi-member LLC's - If they are, they would be required to filed a separate partnership tax return.Your profile mentions that you are a real estate agent, you may want to see if you are eligible to claim real estate professional status.

Also, most of those niche options miss the mark on some bookkeeping fundamentals.