If a historically good tenant has been with us for 3+ years, and all of the sudden misses a payment, odds are there is a more serious problem (job loss, divorce, ect), we talk to them and evaluate if they have the ability to catch up and get back on track.

Roofs confuse me.I know that issues with a roof can make or break a deal or turn a big profit into a loss, but I'm a bit lost in the roof lingo.

The agent actually recommends self insuring for those losses rather than making a claim.The trouble with a parsimonious DIY approach, is that if you don't remove all of the mold, sensitive people will still be affected.

It is not a great way to shelter income from your legal work.Better is the paper losses that can happen from the depreciation.

If it is a loss, then you will not be aloud to take to loss on your return.

Without a contract, you don't have much legal weight for any issues you need to settle in court.

Thanks Paul.As it turns out I can terminate my property management agreement without penalty.Perhaps I should cut my losses and terminate the contract then source another property management group.This would save me a lot of stress moving forward.

They want to dump even at a loss to get rid of the problem.

The bank then has a loss share agreement with the FDIC.

Then with the help of good tax guidance and some good entity structure you can move that land through 1031s and defer some tax.I'm with Jay  - I'd rather have to write a check for tax on gain than cash a check because of losses.