No, you cannot create phantom losses this way.Some additional issues that we have not addressed:- holding rentals inside an S-corp has many tax disadvantages- you will likely jeopardize your $250k/$500k capital gain exclusion for homesteads- you will lose asset protection afforded to personal residences by most states- you will lose your homestead exemption for local property tax - your insurance will have to change from owner-occupied to rental, i.e. go up- and there's moreConclusion: there're reasons why nobody is doing this clever "strategy" but A+ for trying.

There are other players in the game to compare with like Kenny Bedwell at STR Insights or Bill Faeth's coaching.

We sold one for $257k in cash and are holding the other one as a rental.I’m curious about others’ thoughts on build-to-rent (BTR) projects, especially on infill lots.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Well you'd actually be netting more in the long run by doing so compared to putting it towards the home. 

It amazes me the nice cars, clothes, and general stuff that my renters have compared to what I own. 

Everytime you get close to depreciation running out (or want more) you 1031, expand your holdings, and your tax write off. 

I hold licenses within real estate, insurance and securities for this very reason.

A well-designed space becomes a vacation destination in itself—one that holds its value and stays booked long-term.

And at what nominal price compared to the $24mil they paid in 2019?