In addition, while the umbrella did not end up having to pay out, having it meant I did not stress about it at all.  

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

Outdoor storage, moving services, additional parking.

There should have been change orders alerting you of the additional charges, which would have given you the opportunity to make budget decisions.Check your management contract and check all your conversations with the PMC.

In addition to other tax strategies like a cost segregation study on the fully rented out house.

These are professionals with additional training and a stricter code of ethics.

This is a good investment in my opinion.Feel free to reach out if you have any further questions or need additional clarification!

Pay attention to the duration.DM me if you want additional thoughts.Jeff

This would depend on whether your property is overvalued by the tax assessor and in turn you are paying additional taxes on that additional valuation.

I'm an agent in addition to being an investor.