You pretty much just have to write off the loss and next time screen your tenants better :)

Cashflowing a million plus a month via an annuity i could live off of and still invest and make money to make up for the future losses inflation will cause.

Hi, Alex, if you meant my discounted refi, paying the costs of the borrower and giving an incentive to refi now accounts for the cost as a lender, which was usually alot less than the fees earned on making the new loan, so all in all, not a loss at all.....I didn't expalin that did I...sorry.

Also, our structure can handle a near 50% loss of value and still maintain the same dividend participations.

“Pets/animals” include, but is not limited to, both warm- and cold-blooded animals, such as dogs, cats, fish, rabbits, hamsters, rats, birds, snakes, lizards, and insects.Tenant agrees to pay immediately for any damage, loss, or expense caused by such pets/animals.If Landlord grants permission for keeping a pet, Tenant must sign a Pet Agreement addendum for each pet, which may require additional monthly rent and/or additional security deposits.

However if it is in an area with a rougher tenant base, say like Hagerstown then you will have higher than average losses due to non paying tennants.

You are only entitled to your actual loss.

Hey Guys,After a tuff year and some  major losses I'm trying to regroup and rebuild.

@Harry StanleyI had a car in one of my living rooms - in researching if I had a claim, I spoke to a few attorneys- the consensus was "Allstate, that sucks" evidently they are the most difficult insurance company to work with and fight pretty hard to not pay - so, yes- I would definitely get an attorney if I were in your shoes- in my case I decided it wasn't worth pursuing a claim because they would have a pretty good argument that it was the drug dealer (and not the driver) who was at fault for placing a bullet in the drivers head- which caused a loss of control of the vehicle - never mind the fact that the driver was speeding off after a drug ripoff

If so, when does my loss for tax purposes become official?