The loss reported on your K1 is likely considered a passive loss unless you materially participate in the syndication.

This is in FL and the lease says "We will not be liable for any damages, loss, or injury to persons or property occurring within your dwelling or upon the premises.

I'm self employed, no other "job"I have STR insurance policies that show a line item for Loss of Business Income.

If the business is showing a profit or loss, then that income will be adding or subtracted from the entire income. 

I saw a prior post where you mentioned having a STR in Texas.you want to have a conversation with your accountant to see if it can be treated as an active property instead of passive.If it can be, then there is a potential opportunity to offset the losses against other forms of income such as wages, interest and dividends.

This is very important so see if you can stick with me here.A motivated seller is not someone that want to, needs to, or even has to sell their house (like foreclosure, tax liens, job loss etc. etc.).A motivated seller is anyone willing to sell their house below market value regardless of the reason why.So it is the willingness to sell below market value is what separates a seller from a motivated seller.Take someone in foreclosure.

@William Coet, as Jackson noted, there are too many variables to even begin.Two things to remember, any tax losses you utilize to offset incomes, will reduce basis making bigger tax bill in sale year.  

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

He talks about how you can purchase a rental property, manage it as a short term rental during the year you acquire it, do a cost segregation study, use those "losses" to significantly reduce your taxable income that year, and then turn the property into a long term rental in the following year. 

Vacancies mean a loss of income and increased expenses.