If I were to take the gradual approach and take the $150 increase as Deanna suggested, the lost rent is reduced to $2300 which makes the loss easier to take, but the likelihood of an early departure even greater.Any other suggestions??

I am not against building up as well, but that will depend on what it might cost to reinforce/etc.I am not working with an architect yet, and it is a crucial part to the process, but we also need someone to give us more of a realistic feasibility/cost breakdown (not just an average cost per sqft run through).

Here is my short list:Comprehensive lender control panel with servicing notes, status on unpaid taxes, payment history, etcA 'control center' to deploy force placed insurance, and ability to have servicer send CFPB required letters to borrowerTax tracking integration Loss mitigation services with active updates to lender on control panelAn active discussion board style system that lets the lender have a dialog with servicing staff on any matter.

The IRS has specific provisions that allow you to follow the decree at no loss of your rights.A revocable family (living) trust is really a disregarded entity (it was even before your divorce).

I expect my insurance company to just turn around and raise my premiums,to recoup this loss - even though I have never filed a claim in the 16 years I've owned this house.  

Can an S Corp generating a loss cancel out W2 income?

I'm at a loss as to how to proceed in this regard, and any help from experienced flippers in NJ would be greatly appreciated.Thanks!

Added to your gross income if you don't have enough depreciation & deductions to show a loss on your property schedule. 

By the time you pay all the fees and taxes and don't forget all the losses the person that invested their money in the Indexed universal life policy will have more money for retirement then the person with the same amount in the 401k.

On the 4 plex, we paid $295K in early 2016, and focused on lease loss as the primary value add.