Unless you have enough passive income to offset, passive losses do you no good.

The good thing is you are located in Illinois,I am guessing you dont have to pay a Franchise tax which is not dependent on Income, but a priveledge for been allowed to do businessin the State....California is an example even if you have Loss, an LLC MUST PAY $800 to the Franchise Tax board every year,for that priviledge, however the income correctly will be pass through via a K-1 to your 1040 return

Are you insured for every loss or just these??

When I am talking refinance I am talking about taking equity out after you have bought a value add deal and increased the value substantially.I am not talking about an existing property you want to tap out.Banks for refi's are being very conservative anyways now.They will only refi at maybe 70 to 80%ltv and nowhere near 90% to 100% of FMV.This is because many markets are still declining in value.The banks if they had to take back loaning close to full value would sell at a big loss.

Regional population has steadily declined, in fact Allegheny County has the highest population loss per year with the exception of the Lousiana Perishes centered around Hurricane Katrina.

Quick answer is...When ever doing something with someone else… Outline clearly what each person’s responsibilities are… Most if not all problems that arise will come from disagreements or one party “not pulling their weight”…Also, make a giant to do list… then assign “who” and what “time frame” the items are to be completed.

Short sale means you are taking a loss.

And our policies include loss of rental income while the structure is out of service.

And in my experience the delayed (larger) increase is more likely to cause a loss of tenant than a smaller one.I used to use the change in the consumer price index as a minimum for my increases, sometimes adjusted up from that if insurance or taxes had taken a big hit.all cash

Passive income is subject to INCOME tax, NOT social security/medicare.Passive income has limitations on the amount of losses that can be offset against, (although I think there are some income limitiations).Many people mistake the "connotation" of the word passive with the IRS definition of "passive income".