Happy to keep the conversation going!

Quote from @Basit Siddiqi: Your best bet if you have a non-communicative Sponsor / CPA and you can't get past K-1's is to document your conversations where you tried your best to obtain the documents / K-1's.You should then recreate your basis by your contributions / distributions / amounts reported on past tax returns.If you want to completely write off the investment, you likely need some sort of support / evidence that you will not get any more money from the sponsor.

Happy to keep the conversation going!

Happy to keep the conversation going!

Verify the studio is legally permitted as a separate dwelling unit with its own address, kitchen, bathroom, and separate utilities/entrance—many "studio apartments" in Florida are unpermitted conversions that violate zoning and could result in fines or forced removal.

Let’s definitely keep the conversation going, I'll connect with you now.

Plus, you pay 50% of the "Reservations" if your rental conversion doesn't go over 50%.Last month I looked at our Rentals and saw how many come from Sparefoot and turned them off for our largest location. 

Newnan and Peachtree City are worth a look.Clayton & Henry Counties: More multifamily stock, good proximity to Atlanta job centers, and still accessible price points.Select Atlanta neighborhoods (West End, South Fulton): Higher competition but potential for appreciation and strong rental demand.Red Flags in Fixer-Uppers:Parking limitations and poor layouts (tenants care more than new investors realize).Unpermitted duplexes or conversions, always double-check zoning.Big-ticket deferred maintenance such as roof, HVAC, or sewer lines that can quickly eat up your reno budget.Balancing Sweat Equity vs.

Happy to keep the conversation going!

Either way, bringing these points to a CPA or estate attorney will make the conversation much smoother.This post does not create a CPA-Client relationship.