Either way, you should be able to garner passive losses equal to or greater than the amount of capital invested.Those passive losses can be used to offset the gains you have incurred (or gains you expect to incur) as long as the gain AND the investment where bonus depreciation is being taken occur in the same calendar year.

Thats a weird situation, and one that occurs occasionally.

. - you are part of the problem as you are enabling him.It seems harsh but until people hit rock bottom, no change is going to occur.  

Wind, Hail, Fire are all covered under a Basic or Special form policy, but one of those has to occur in order for roof damage to be covered by the insurance policy.The only way to cover this cost is to get the seller to compensate you for it.  

Repayment of the loan must occur within 5 years, and payments must be made in substantially equal payments that include principal and interest and that are paid at least quarterly.A loan that is taken for the purpose of purchasing the employee’s principal residence may be able to be paid back over a period of more than 5 years.

Then again, there's only so much development that can occur on that little island so its an intriguing long-term investment.

While I know this is only a two-month experience but I also know that these things become habitual, occurring every month if the tenant knows it is OK to do that.

An incident can occur that may require your physical presence.  

This generally occurs a few months after you become delinquent, or the date you begin missing payments or not paying the full minimum payment.

However, I believe it is important to have sufficient reserves and backup plans for whatever occurs (examples include pandemic, STR regulations, a recession, etc., basically be a good Scout and be prepared).Good luck