If you are confident it will cash flow once moved out given the worst case scenario, it is a solid deal in my eyes as you are still benefitting from the other factors of owning investment property which includes loan paydown, tax benefits and appreciation.

So if you can't change human nature, you just need to look at it differently and deal with it in ways that benefit you.

Sell the dog and get some tax benefit. 4.

With rentals, you benefit from cash flow, appreciation, principle paydown, and tax savings.

Not sure if writing off will benefit me to be honest.

Over time you get the benefit of inflation/ appreciation and you get the benefit of debt pay down.

Thanks.Redfin releases some good forecast..Zillow/Apartments.com / Rent.com might have an opportunity to produce and publish Rental-statistics and forecasts, that would certainly benefit RE-enthusiasts. :)

Aside from the obvious benefit actual experience brings to the table, so does being able to demonstrate to debt & equity capital and the development team that you have a credible track record with favorable odds for success.3.JV with an experienced developer demands that you have established the value of the land (option 1) AND that you know how to “play” it in terms of structuring the JV.

Additionally some of the benefits of having an llc are negated by doing this.

. 😜  But hey, at least you'll depart with the knowledge that you're benefitting your heirs instead of paying taxes to the government because they'll inherit the property on a stepped up basis.