Similar to a 401k, part of the strategy is a tax arbitrage.It is a much better outcome to take the deduction at 37% rather than 24%.Lever 5 - % Bonus AllowedIn 2023 Bonus depreciation has been limited to 80%, and will continue to ramp down 20%/yr until it hits zero in 2027.Bonus depreciation has come and gone in the past, but the more you get, that first year payback is higher and higher.Lever 6 - % Payback RatioUltimately how much you save vs. how much you pay matters.Caveat - Talk to your CPA before you purchase a cost seg study.You need to have a way to monetize your losses through1.

My wife and I are at a loss of what our options are to get out of this.

He had no losses and lead me to believe I would get my deposit back initially.

They don't have a strategy for you because as I said, a one-off is a loss for a company.

I have had no major claims in 20 years and no losses since I have been in Florida since 1993. 

A real estate professional is allowed to take rental losses against ordinary income.

In some cases, folks recognize losses that they can carry forward to offset future gains.

Geez  I would be talking to your HML right now as I doubt they want to take it over.and try to get a workout with them ASAP.. sounds like its going to be  a loss anyway you cut it and I have to think you put up cash for a down payment as well. maybe someone else will have some pearls for you.Wholesaler is going to low ball you for sure.

Whereas my other LTR rentals B,C,D,E etc, can accumulate/share deductions and losses , as well as carry over.

With this being my first apartment deal I am more unsure about underwriting this type of deal and was hoping to get somebody who is more experience in multifamily to look at the proforma, T12 profit and loss, and rent roll to tell me if I'm missing something or to let me know of things that I should be looking out for.