I agree that getting a lawyer involved might be ideal, but when it comes down to it, just doesn't make fiscal sense in this scenario, because of the cost of the fence.

Anyone that has been here for any length of time will tell you about the massive positive impact of clean air legislation.

If a taxpayer elects to apply the de minimis safe harbor under § 1.263(a)-1(f)to amounts paid for the production or acquisition of tangible property, then the taxpayer must apply the de minimis safe harbor to amounts paid for all materials and supplies that meet the requirements of § 1.263(a)-1(f), except for rotable and temporary spare parts under paragraph (e) of this section.If I'm right about the above, this amounts to a massive windfall for us this year and a massive reduction in record-keeping.

I get it, the site costs money and has to make money, but these recent UX decisions have seemed to forget/ miss the largest/ oldest product BP has to sell, which is a massive community of REI who come back to the site over and over. 

Fwiw that strategy has massively changed, dc, section 8 no longer pays above market rent in sections of the city, which was a huge part of that strategy. 

We are having a massive issues the past 3 -5 years with homeless, drugs and crime.

Bruce C brings up a good point-it depends on your AGI (Adjusted Gross Income)-1-if your AGI is low enough you can deduct up to 25K of passive losses against your regular income2-real estate professional-you can offset losses against non-passive income but be prepared to be challenged by the IRS if you are a real estate professional3-there are massive breaks for real estate and regular businesses starting in 2018-a 20% deduction which is too complex for a post4-there are great write offs for real estate starting in 2018-full expensing  for certain items as opposed to depreciating over many yearsSit down with a solid CPA and pay for a consultation-yours truly itaxfindBest of luck!

Although, it should be noted, entire areas don't make such massive shifts in such short periods of time.

Trump's daddy was a big real estate developer in NYC, so he had a massive head start with daddy putting up the money for his first building.

@Akaljot CheemaPros - cash flow (if you add value), massive appreciation (if you hold long enough), best rent growth in the country (can take a so-so investment to great real quick), easy financing (banks love solid bay area apartments), expensive (this is a pro actually - high barrier to entry keeps competition low) Cons - tough landlord laws that are getting tougher every year, expensive (high price per unit vs rent received) The pros far outweigh the cons.