This post does not create a CPA-Client relationship.

Is this the same @Paul Lucenti who responded with  "Thank you - I guess we will find out". when I was critical of your posts a few days ago about raising money to scale your business by investing in section 8 rentals?

When it comes to these types of auctions by the sheriff, is there a waiting period that must be observed before rehabbing/renting the building post winning the bid?

I imagine that if ALL the LP"s protested with Form 8082, the IRS might have taken note.I need to write some posts about the Tricks and Traps that some syndicators [not you, of course] use to the detriment of the LP's.But the Form 8082 is your best friend.  

The program is neither good nor bad, there's just different pros & cons compared to cash paying tenants.Have offered to schedule a call with you numerous times to try and assist you, but you seem to prefer posting & posting & posting - which will take so much longer:(What are the chances you'll actually invest someday, given how long it's taking you to do basic research?

Great post @Robby Sanchez Spot on!

I have read so many posts from Denise Evans but I don't fully understand the 'giving notice' aspect. 

Assuming you are both working and the rentals are long-term, rental losses up to $25,000 can offset W-2 income if your MAGI is under $150,000, with excess losses carried forward.This post does not create a CPA-Client relationship.

Reporting begins when it's placed in service, not when it’s first rented.This post does not create a CPA-Client relationship.

@Chris WiermanSorry I am just now seeing this post.