In some cases it makes expenses or losses that were not allowed before allowable.

- It is expected all of these rentals will show these losses for 15 years My questions are: - Is the only repercussion of these losses that that I cannot deduce my rental business losses against my ordinary income?

You will need to keep evidence of the damages and repair costs, including loss of rent while the property is being repaired, but it has been my experience that trying to get money out of deadbeats is harder than earning the money by working on another project.

If it is your LLC you get a K1 for the profit or loss. 

The third (land development) is, at this point, a total loss.  

Sometimes you have to cut your losses. 

After the inspection on saturday was finally completed, i recognized the need to get estimates on a new roof because of granule loss and missing asphault shingles.

In 2006, tenants left to purchase homes of their owns and left us with a ton of vacancies and a loss of income like you wouldn't believe. 

That's what triggers to them a deed transfer because as a lender, they verify the property is properly insured to cover them in case of loss.

This wastes valuable time for the landlord to secure a renter which could translate to significant financial losses to the manager and/or landlord.Your best bet is to see if the landlord might refund your deposit if they secure a renter by the times ou stated you would move in.