For quite awhile, I would use my company card to cover the costs and then reimburse my company on the monthly Profit and Loss statements, attributing it as a maintenance cost, and reducing their yield.

Heard that they have the legality to do it due to loss of cause, but the banks don’t usually do it if the borrower has a good record in paying their debt with good credit history.  

I was told Landlords were going to go bankrupt in-mass, that hundreds of thousands if not millions would be done in by loss of rent revenues, and it would be a fire-sale of properties at pennies on the dollar.......

I am a W2 employee as well, and (humbly stated) make enough money to where I cannot write off the losses from my two rental properties (in each tax year), but on the flip side I stop paying SS around September of each year. 

If he pays right away do I cut the one month loss, screen and inspect the unit?

It seems to me the question is which costs less:  Loss of rent each month or cost of a landscaper

I am at a loss to find private lenders to help continue to invest.

I have been on the tenant side of this a few times, and just took my loss to avoid the trouble.

SO, we are here looking for exit strategies that prevent us taking a loss on this one, so here's all of the details.Purchase price: $280KRenovation costs: $46KOur original ARV: $375KFinancing: Bought in cash using family money, renovation financed half in cash, half from a short term loan from another family member ($25K at 5%). 

It is not affected by the passive loss rules.