., buying on margin), you'll get a margin call, and be forced to pony up the losses or sell the stocks.

If you're in second or later position and the liens in front of you total more than the value of the property you will very likely suffer a total loss.

Do you record sale using 1065 form 4797 capital gains/ losses, show prop as investment asset?

That, among the charges directly attributable to the property (appraisals, points, interest, etc, etc) created a big loss for that first year.

It will protect against claims/loss made due to your contractors (or you) making a mistake or being negligent resulting in someone else's property damage or bodily injury to someone else.

One costed me over 40k in losses.

Get a real estate attorney to write up a contract/partnership agreement between the two of you protecting you from any possible losses so you can sleep easy at night.

Point is the past gain or loss means nothing its the fundamentals of the market they are in that matters.All in in all I think if someone really does not want to learn about any details one has to learn that takes time (how much to put in for R&M in a property, how to buy a property correctly, how to fund ppl you can trust in your RE network, etc.), wants income and is really comfortable analyzing the market trends to pick a REIT (office market, storage market, commercial residential market, etc.) than a REIT can be a good investment.

Dementia is a term loosely used that is tossed around a lot - memory loss with the natural aging process vs.

At that volume, you can afford to take a complete loss here and there, can't you?