I'm surprised to hear this still goes on, but I guess people have short term memory loss.

Also, what deduction or loss limits apply to a rehab? 

This negative position can consume years of cash flow to recover.

A few years after selling the business, but keeping the people I sold to as renters, the renters suffered heavy loss During COVID.

For quite awhile, I would use my company card to cover the costs and then reimburse my company on the monthly Profit and Loss statements, attributing it as a maintenance cost, and reducing their yield.

Heard that they have the legality to do it due to loss of cause, but the banks don’t usually do it if the borrower has a good record in paying their debt with good credit history.  

I was told Landlords were going to go bankrupt in-mass, that hundreds of thousands if not millions would be done in by loss of rent revenues, and it would be a fire-sale of properties at pennies on the dollar.......

I am a W2 employee as well, and (humbly stated) make enough money to where I cannot write off the losses from my two rental properties (in each tax year), but on the flip side I stop paying SS around September of each year. 

If he pays right away do I cut the one month loss, screen and inspect the unit?

It seems to me the question is which costs less:  Loss of rent each month or cost of a landscaper