She quit claimed it to me 1yr 7 months ago, I did a refinance and paid her the 80k.

File a claim against the renter who didnt pay you, be willing to settle for 50 %. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris scam and/or Morris Invest scam for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Previously, if a married couple had depreciation deductions that exceeded their real estate business income, the couple could claim that "loss" to write off taxes on a maximum of $500,000 in income from other sources, like wages from a day job.Under the change, our rich taxpayer couple -- and this applies only for individuals, not corporations -- can now deduct an unlimited amount of "excess losses" in real estate against income from other sources.

And remember, many of these provisions also apply to business that are service businesses (i.e. attorneys, medical professionals, architects, etc.)Below is a summary of some of the business related provisions, as well as some of my other observations that can help you get through this dire time, and keep your business afloat.$300B Emergency Coronavirus ReliefPart of CARES Act.

Rentals perform very well because of the college kids, medical professionals, and other people that work in Midland/Odessa that prefer to live in a Lubbock.

There claim is from reason of uncertainty of if and when the economy will ever recover and longer projected time frame in leasing and secure a tenant.

You will be able to in the near future to take over house payments, be sure to do a quick claim on each house and work out the numbers.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris scam and/or Morris Invest scam for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Since Property #1 has a loss of $10k, will I be able to claim those losses?