Talk to your CPA.

Skidmore, GlobalFoundries and of course the track will continue to bring renters to the area.All the best,Steve 

Talking to a lawyer soon, but any advice from the community is appreciated.

Best to talk the tax issue over with a CPA but the loss will be reflected in the K-1's and can offset gains in other deals, provided they both flow through to the same entity (or you personally).

I don't have much in the way of equity but continue to save to buy my first property, I have great credit and a DSCR lender who is willing to lend to me, but I am missing the equity for the deals.

Not looking to refinance due to the great interest rates  4% on 30 year loans but would have not talked to any lenders that will do HELOC's yet.   

Talk out all the things that can go wrong and make a plan today!

Fortunately for our client, the conversion was "grandfathered-in" and they were able to continue to rent out both the SFR and the studio garage unit.

Steady Population GrowthTennessee is growing, steadily for decades and is one of a handful of states that have continued to do so in nearly every corner of the state.

It is important also to talk about these things online so others do not get burned.