My goal is to focus on sharing the mistakes and solutions I've found (when I found solutions) hoping to save some of you the pain...

It is a little bit of a pain, but, doable.

Indeed, their business model never anticipated what Zillow's CEO calls the great reshuffle, i.e. the move from the cities to the suburbs and the country due to the work from home trend, combined with the sudden disappearance of the income of many renters. 

They're a pain when one wants to carry grocery bags inside.

Afterwards you can decide if you want to switch for the next year.The main risk is that your CPA might never produce your tax return and just disappear.

They'll still agree to this until something breaks and then they'll disappear, leaving you to sort out your new title/deed issue which can take months.Your best course is going to be talking to each resident, explaining that you are selling the home.

The most we have had disappear are small items.

And while I bet this could be remediated by putting in a special allocation provision to the partnership, doing so would be painful to explain and probably not meet economic substance standards.Another reason to "delay" implementing CSS: NOLs are currently limited (well, not for the moment b/c of CARES Act).

It just pains me to put so much money into rent, but to your point, Lane, maybe the money saved from our large downpayment on this townhome, can go towards a cash flow positive property... 

From what I read, you have not yet quite reached your pain point.