Could you also carry forward rental income losses to the next property?

But if you, as the owner, have the risk to property, loss of income, and more - that they will need to change their background check disclosure statement/policy - or you'll need to either do the screening through a third party provider and/or find a new PM.  

Both policies were Landlord cash value policies, which included liability and a total loss coverage of way more than $25k.

That will allow you to track profit and loss by property (which you need to do.)HOWEVER, as Patrick mentioned, you probably should separate the buy and hold properties from the flip properties in a separate legal entity(s).  

It is best to cut your losses and move on and properly screen your tenants in the future.  

So, your net "savings"(loss) is $-485/hr.Not real profitable...David J Dachtera"Success is not a destination.

Also keep in mind lenders don't like losses.

So the second time, it burned to the ground in a total loss.

ok trying to figure out the limitations on the up to 25,000 loss on rental properties.  

I don't know any self made millionaires who dabbled into a bunch of money.A little off topic and maybe completely unnecessary as you may not even fit into what I described.