Roofs confuse me.I know that issues with a roof can make or break a deal or turn a big profit into a loss, but I'm a bit lost in the roof lingo.

If you have major problems, it most likely will show up in there or rooms that have a lot of shade most of the day.

It is not a great way to shelter income from your legal work.Better is the paper losses that can happen from the depreciation.

If it is a loss, then you will not be aloud to take to loss on your return.

Thanks Paul.As it turns out I can terminate my property management agreement without penalty.Perhaps I should cut my losses and terminate the contract then source another property management group.This would save me a lot of stress moving forward.

They want to dump even at a loss to get rid of the problem.

The bank then has a loss share agreement with the FDIC.

Then with the help of good tax guidance and some good entity structure you can move that land through 1031s and defer some tax.I'm with Jay  - I'd rather have to write a check for tax on gain than cash a check because of losses.

Also, with NPNs you run the risk of losses, whereas performing notes do not have that risk.

I heard in TX a lender cannot touch your homestead property to recoup losses, not sure if thats true, but what about in FL?