While cash distributions are likely mostly tax-free given the LP's K-1 is likely showing a loss, ultimately there will be a significant tax liability upon sale. 

While cash distributions are likely mostly tax-free given the LP's K-1 is likely showing a loss, ultimately there will be a significant tax liability upon sale.

I actually tried to kick this deal to one of my clients but he passed - his loss!

For the Insurance on the property the valuation is based on what the company will need to pay after the loss.

They'll do a cost segregation study for accelerated depreciation.The Short-Term Rental (for only three nights) creates a significant loss for 2022 that can offset their W2 taxes. 

My thoughts go out to everyone living in and with property in SWFL (or other affected areas), especially those who have experiences loss of any kind.

Near-total power loss is expected with outages that could last from several days to weeks.3(major)111-129 mphDevastating damage will occur: Well-built framed homes may incur major damage or removal of roof decking and gable ends.

Terri-LeighIf you have not reported the loss to your insurance company do so.  

I sold in January of 2018 and made back all of my losses, rehab costs and then some.

Quote from @CJ Shade: I’m looking at multi family units and mainly curious if certain zip codes tend to have more troublesome tenants vs others.