High probability of small benefit, very low probability of HUGE loss.

Hi @Yousef Reda,Does CRA/IRS allow claiming of FX losses when converting from CAD to USD?

I'm planning on accumulating properties long term, so I'll recover from any dip over the long term. 

There loss!

In the years where there was no income or a loss, you may not need to file a return, since there was no tax due.

Bad excuse, cut your losses and get another flooring professional.

Found this in the Arkansas Code:"If the tenant's holdover is a willful violation of the provisions of this chapter or the rental agreement, the landlord may also recover an amount not more than three (3) months periodic rent or twice the actual damages sustained by him or her, whichever is greater and reasonable attorney's fees."

They get a huge tax write off as a loss as well. 

I am at a loss and I need educated guidance . 

There will definitely be a lender that has a lien recorded against this property and the lender will look to recover the money owed.