., documenting all your losses, its likely you will win as you get Justice in Small Claims Court.  

Earned income is a direct result of your labor; usually W-2 or schedule C, both of which are subject to self-employment taxes (SS and medicare tax)-PORTFOLIO INCOME: interest, dividends, and gains and losses from sales of assets; Taxed at ordinary income rate or capital gains rate depending upon length of holding. 

It will allow to offset your passive income against any losses that you may have incurred in the past but were unable to apply.

The lender is agreeing to take a loss on the loan, so they certainly have a right to stipulate the conditions under which they're willing to take the loss.

In some cases it makes expenses or losses that were not allowed before allowable.

- It is expected all of these rentals will show these losses for 15 years My questions are: - Is the only repercussion of these losses that that I cannot deduce my rental business losses against my ordinary income?

You will need to keep evidence of the damages and repair costs, including loss of rent while the property is being repaired, but it has been my experience that trying to get money out of deadbeats is harder than earning the money by working on another project.

If it is your LLC you get a K1 for the profit or loss. 

The third (land development) is, at this point, a total loss.  

Sometimes you have to cut your losses.