Keep in mind that passive losses from rental properties can only offset passive income unless you qualify as a real estate professional.

(not all debt ever reports to credit bureaus) They do not know that the tax returns will show the income or loss from the LLC, and that there are about 4 different reports other then the credit report that underwriters use to find undisclosed debt. 

I filed a claim for loss of rents. 

Exchanger and not Qualified Intermediary shall bear any risk of loss while funds are being wired or transmitted to or from the Exchange Account.

This new property management company was just as ineffective, and for nearly two years, I struggled with bad tenants, constant repairs, and growing losses.

I had the funds in savings, but this year and most of next year will be a loss until I recoup these expenses.  

Just to set the record straight, because Praxis Capital was mentioned…I have been investing in real estate since 1989, and Multifamily since 2002, with zero investor losses.  

I would avoid, suffered huge losses due to 6+ month vacancies between tenants and very expensive turn repairs (~4k after only 1 year).I will update this post if my experience changes for the better 

If you're negative can flowing property is going to appreciate, then it may make sense to hold on.A loss is still a loss, and I would not hold onto a deal because I'm getting a write-off.

If I decide to sell a rental property, my understanding is that my accrued passive income or loss on the rental becomes active income or loss.