I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

a) Office Supplies (e.g. stamps, envelopes)   b) Software   c) Gas/Mileage   d) Advertising + Payroll   e) Concessions   f) Lease loss   g) Lease renewal fees12) Lawyer/Law office/Legal fees13) Accounting/Bookkeeping/CPA/Tax preparer/Tax advisorMore tips:try to save 10% of the rent each month until I have one month rent of the property saved.Now, when your business gets larger and you have more properties, you don’t need one month rent per property.

Should we sell and cut our losses?

But never make the same mistakes twice and learn from your losses.

Income is what will pay the rent, so I always put the most weight on that -- and where they spend their money now (ie: new car).   

Study done and it comes up with say 90K of depreciation for a 75K 'loss', can EACH of us use the 'up to 25K loss exemption against ordinary income' for a total of the 75K?

The only reasons I can think of why someone would do this is A: They realized they are way over budget and are heading for a loss, they want to recoup their investment and move on, leaving someone else to deal with it. or B: they are catering to designer investors who just want to put their finishing touches and design on the property without having to the nasty demo work and such. 

I've had better payout from wind damaged property (ie on the water) vs flood (FEMA payments did not fully compensate losses).

@Joe Frank Losses from the sale of personal–use property, such as your home or car, are not deductible.

Interested to hear peoples successes/losses and any real estate wisdom they might be able to share.Also looking to network with other newbies in the area so I have some friends in the same boat!