(No realtor fees as I am able to sell privately)Am I able to use this to my advantage for my taxes to offset my 2019 income ($185 000 from my job).I’m wondering if it’s better to cut my losses now and to claim a loss, than to be out of pocket every month and wait it out.I also plan on purchasing a 4 plex cash flowing property very soon as well.Any help would be greatly appreciated.Thanks!

EM once given can be tough to get back if the seller wont sign cancellation docs. your money could be tied up for years.. 

A lot of time the cut off for "short term" is 30 days.

Note: I'm not saying I would cut corners, do shoddy work or skip having work done by professionals, I am simply hoping to avoid government expense and red tape. 

There’s a risk that our cash could be tied up indefinitely. 

I worry that if I funnel money into the existing LLC that should a legal matter arise they can point to the commingling of monies and tie them together.

This property has been cut in price by 5% each time so far ( twice for a total of 10%).

By blend coat, I mean just painting the part of the wall that has obvious wear and dirt smudges and then blending that layer into the existing paint at the higher part of the wall and therefore avoiding doing cut-in at the ceiling and/or the ceiling, since the colors all match.

Hi Hudson,While you could take the $30k and use that as a down payment on a single property, you would then have all that cash tied up indefinitely in that property until you sold it. 

@Dan Mackin I just made the millennial cut (maybe unfortunately haha)!