Low-income renters that already have a hard time finding affordable housing.I just purchased a storage facility and the more I look at it, the more I realize it's easier to manage and produces a much better return than residential rentals.

From an energy prospective Middlefield, OH isn't going to produce as much electricity compared to say Phoenix, AZ.

Same for extensions.Basically, your monetary harm from this situation should not be an issue, as long as your tax return is ultimately produced by the CPA and filed.

Then you are left with a bunch of income producing properties and you lost half of your biggest deduction - depreciation.

I have been weighing both options back and forth, and I think I should keep contributing and work on producing alternate funding strategies to being invested into real estate deals.

I'm doing research on innovative property management compensation structures, if anyone has any thoughts.

Had great success buying my first rental because it was rented out a week after i bought it and produced $348 in cash flow since day one.

Luckily after we finished the house the market went up about $60,000 in that area and i minimized my loss by selling at $240,000 instead of $180,000. a lot of lessons learned and my next flip i started the day this one closed it took 3 weeks to complete and its going to produce a solid profit.

Subsequent efforts should be able to leverage what you have learned and should produce additional savings acting as GC.Good luck

Like Dave said, you can get stuck carrying some interest for just the chance at a little more money, meanwhile that land is producing nothing.