If you’re out of state, a solid local PM is worth their weight in gold.

(You don’t want to deduct your income to zero if it means losing future deductions.)

It’s not a huge loan, but I don’t want to risk losing the property over just a couple of extra months.Any advice, contacts, or guidance would be greatly appreciated.

It’s not a huge loan, but I don’t want to risk losing the property over just a couple of extra months.Any advice, contacts, or guidance would be greatly appreciated.

Due to this credit score has taken a major hit and we are about to lose a multi-million dollar house.

., rent it out, use it temporarily), you can begin depreciation on the structure.Later, when you demolish the buildings, you would write off the remaining undepreciated basis as a loss—but only if the property was used in a business or income-producing activity before demo.If you demo right away without placing it in service, you lose depreciation benefits and must capitalize the demolition costs into the basis of the new development.So, waiting until 2026 to demolish may allow you to claim depreciation in 2025 and potentially deduct the remaining basis upon demo.

If they violate that maintenance clause, they lose the Option and the nonrefundable option fee.

In theory, and looking for input here, I am thinking there are ways to resell the property under contract prior to official (original) closing where neither the seller nor the buyer lose out; we even think the property could sell at a higher price. 

We've tried groups like Lima One and Kiavi, but they just don't work for our model — their DSCR underwriting is based on market rents, not actual lease terms, and STR want 12 month's of existing performance.Here’s an example deal:Purchase Price: $400,000Lease Terms: 3-year lease at $4,000/monthMarket Rent: ~$2,500/monthBecause DSCR lenders are using the lower market rent, we get capped on LTV and lose the leverage we need — even though our tenant-buyer is pre-approved, fully underwritten, and putting down 10%.We operate two private real estate funds and close 2–4 single-family homes/month for pre-approved rent-to-own tenants.

Considering selling it and hoping I can break even or at least not lose too much money.