It was very eye-opening when considering high paying W2 jobs and tax losses versus real estate investing and using depreciation.

Since that's not the case, they'll have to either sell it and eat the loss by bringing cash to the table, shortsale it, or rent it out until there is enough equity to sell it.He doesn't need to get into a situation where she stays there and randomly stops making payments.

At least with stocks you can cut your losses and move on, but not so with a mortgage.In central NC, there is a lack of supply and high demand, especially now during the summer.

But still, in a crash those will still be tiny returns but look better than losses.  

The melting pot of stories, failures, successes, losses, chances, lost jobs, the ways people got into real estate, the teamwork of spouses and family, the education, the no education and jumping in, with money, no money, operating locally, across all states, marketing, strategies, taxes, property managers, rental properties, duplex, tenants, landlords, GCs, so many variables. 

Purchase Price55,000Value100,000Loan Amount64,500SNAPSHOTARLTV64.50%Renovation Budget15,000Sales Price100,000Time to flip (months)9Interest11.00%Purchase Price55,000Points3.00%Renovation15,000Mortgage Tax1.00%Interest & Origination Points7,256Transfer Tax1.00%Property Tax & Maintenance750Mansion Tax0.00%Taxes and Other Costs11,595Title Insurance1.00%89,601Broker Fee4.00%Property Tax and Maintenance1%Flip EconomicsTotal Profit on Flip10,399Acquisition CostsBorrower Cash in Deal At Purchase12,280Purchase Price55,000Borrower Cash in Deal (9 months)18,351Legal Fees1,500Borrower ROI on Cash in Deal (9 months)57%Mortgage Recording Tax645Filing Fees250Appraisal400PL Legal Fee1,500Title Insurance550Origination Points1,93561,780Interim ExpensesRenovation15,000Interest5,321Property Tax & Maintenance75021,071Sale Costs (Paid from Proceeds of Sale)Broker Fee4,000Transfer Tax1,000Mansion Tax0Legal1,500Filing Fees2506,750Sale Price100,000Costs89,601Borrower Profit/Loss 10,399

(This seems like crowdfunding without the benefit of the crowd, but play it out.)Would the individual get the benefit of the mortgage interest payments and the LLC reap benefit from the operating loss?  

If he has a financial statement showing the profit and loss that would be helpful.

Knowing if it is an estate can assist your search and also prepare you to be sensitive to the emotional loss of a family. 

Yes, I lost 10% over the last year or so like everyone else, but I'm fine with that, because I believe that over a lifetime, my strategy is likely to produce that 10-12% annualized (nominal) real return that index funds have historically provided.This won't work for everyone, but if you can accept that you are doing the statistically right thing with your money, you can swallow that 10% loss, knowing that in the long-run, it will probably be the correct place to park your money.My strategy is simple.