I've listened to about 15 bigger pockets podcasts, read the ultimate beginners guide, read "Rich Dad, Poor Dad" and "Money Master the Game" by Tony Robbins as a start to my REI/financial education.

Its value doesnt seem to be appreciating so take the loss and be done with it

Out of curiousity why do you stay on bigger pockets if real estate it’s the for you?

Much appreciated.With the collective wisdom of Bigger Pocket experts, I was trying to determine if I was missing some asset protection strategy that is standard with landlords..Thanks again!

It is ordinary and necessary for real estate investors to notice wear and tear from year to year and claim "depreciation" on their properties.The rule that your accountant is referencing to is the "real estate professional status" which allows you net losses from your rental activities with your other income if your adjusted gross income is above $150,000.

I am new to bigger pockets and currently owe a 3 unit rental property with the intentions to buy additional rental units in the next couple of years. 

A bigger higher-budget situation might be very different.Not sure if this is geared towards a big enough scale you're thinking of, but might help with some considerations-https://www.biggerpockets.com/renewsblog/2014/05/3...Hope that helps!

The answer to this question would be helpful because it would allow me to determine the extent to which any losses that I may incur—by way of unequal returns on the money invested for renovations—can be recouped via the rental cash flow over a period of time.

The bigger pockets series of books is also good.

You made some assumptions that I think we’re unreasonable and quite frankly, I didn’t expect a response like this on Bigger Pockets.