Even if this is the correct treatment, it might be good time to sell some of your property so that all the capital gain is offseted by the entire loss.

Reason I ask is typically you can't get LLC treatment if a property is financed.

That is fine if you are flipping because that is the proper treatment there, but it is a major problem is you eventually also have rentals that you occasionally sell (you also cannot 1031 inventory, so dealer status is also problematic there). 

The key that qualifies property for 1031 treatment is the actual sale of real estate and purchase of actual real estate.This is where the fund will not be available because you are probably not purchasing a tenant in common interest in the real estate itself. 

In addition to the 7 federal classes, this state adds:Public Assistance (Sec. 8, welfare, SSI, TANF, etc), Sexual Orientation, Gender Identity and Expression (including transgender), Marital Status, Military or Veteran Status, Age (except 55+ communities) and AncestryYou can discriminate against non-protected classes, like illegal drug users - but if it has a disparate impact on a protected class, it still may be subject to challenge.If your unit is not de-leaded, you can still not refuse to rent to a family with kids under 6 years of age.

Friends push boundaries and get special treatment....great customers do also but not to the extent of what friends get.... this is a business, not a social event.Be professional, courteous, kind and respectful..... but run it like a business

It was drug related.

They can push drugs above board, all day long, without having to enter what is (at best) a legal gray area.

My take:- I feel we've been very accommodating with our offer and treatment of all complaints considering tenants caused these issues due to the dryer lint trap in November.

I am trying to start with flipping due to issues with characters treatment of rental properties.