I have never sold at a loss.

I explain they will have difficulty renting a quality unit, that I will ding their credit, that I will attempt to garnish their future income to recover what they owe.

But your property still is not a loss, yet. 

Just check your lender’s seasoning requirements and any due-on-sale clauses.For taxes, that title transfer doesn’t trigger gain or loss if you’re the single-member owner.

.: Quote from @Matthew Hamilton: When it comes to how income and losses show up on your tax return, everything generally falls into one of two categories: passive or non-passive. • Passive losses can only offset passive income.• Non-passive losses can offset both non-passive and passive income.W-2 income is non-passive, and in most cases, capital gains from selling investments (brokerage accounts, crypto, etc.) are also non-passive.Real estate losses, by default, are considered passive.There are two main ways to convert those real estate losses into non-passive losses (which is what you’d need to offset W-2 income):1.

If litigation arises out of this Agreement, the prevailing party will be entitled to recover reasonable attorney's fees and costs, unless the parties agree that disputes will be settled by arbitration as follows: Arbitration: By initialing in the space provided, Consumer () (), and Broker or Authorized Associate (_) agree that disputes not resolved by mediation will be settled by neutral binding arbitration in the county in which the Property is located in accordance with the rules of the American Arbitration Association or other arbitrator agreed upon by the parties.

For most people you will only save a little money on any PROFITS if you have a loss the first year.

As with all the other investors with CALM INVESTMENTS was never compensated for any of my losses, which was every penny put in his Company.

This will give you the number of months it takes to breakeven, or recover your costs, on a refi.

As a partner, I felt badly about the financial losses suffered by our investors.