Then go with whatever saves you the most, even if that means carrying the $300 loss of income.

Hello BP,

I recently posted a plan that I have for a simultaneous transition out of military service to acquire a quadraplex on a VA loan and live in one and rent the other three units out to tenants. I will spare al...

So, what coverage you carry should be held confidentially, telling the world what your coverage is is like holding up a sign saying sue me, "I'm good for it".Your coverage is to the types of exposure you have, the chances of loss and size of losses for different events can be very different from one area to another.

Or I can sale it as is a take a small loss at 35k and be done with it.

The more risk (higher leverage) the more potential gain, or loss.

Speak to a good tax accountant your PM company charging you property owing LLC are not at "arm's length", you have a sham transaction cooking.I had to skip through to the question so might have missed something, but if you own both there's no benefit and you loss only goes to the income earned and carrying forward a bogus loss can cause issues.

Hearsay is 5-10% is pretty safe, 20+% might get you loss in court, depending on judge and circumstances.

Unfortunately, the man who turned my eyes to this business and was beginning to guide me recently passed away, and I am at a loss for where to turn next.I am interested in finding a good REI group in the greater Washington DC area; one that requires little or no cost to attend the first few meetings/get-togethers.And even more than this, I am seeking a benevolent knowledge-giver who is willing to impart their precious experiences to me; in exchange I will do whatever I can to be half as useful to them as learning from them would be to me.

@Nick Wing  is a BP Member, give him a call they might be able to help.Also, if you need any feasibility analysis or cost estimating for your rehab I can help you out for free.Cheers.

They also helped me with filing a distribution I made last year to offset some losses.