This is basic case where bad sponsor doing high risk investment in bad times …I was one of the small investor for very large SF rental fund out of Florida but got litigated by SEC three years ago and handled by receivership court now.three years later we got at least out 80 percent money back LOLBtw , every new kid can make money in 2016, but if they can survive 2022 that’s your guy :)So don’t afraid to make lawsuit against these company …

Caution: When you can use the depreciation deduction depends basically on how you handle the Section 469 passive loss limitation stuff. 

Once you factor in typical reserves (5-8% vacancy, 5% maintenance, 5% cap-ex), you're basically breaking even or slightly negative cash flow.The real question is what's the $187k going to do for you?

You’re basically pulling future depreciation into this year.Two things to watch:Make sure the rentals are truly rental activities for passive vs nonpassive rules — big losses don’t help if you can’t use them.Get the study done by someone who actually knows residential rentals, not just big commercial.So: yes, you can do it now, yes, you can catch up, but no, you generally don’t get to go back and grab the old-year bonus as if you’d done the study in 2020.

Quote from @Rohan-Chad L Simpson: Hello,I was wondering what other Landlords and property managers use to track maintenance and Repairs, and if they use a ledger and if so where can I get a basic maintenance ledger.There are a lot of software choices available for free. 

It has to be marketable, but there are much better properties than mine in this neighborhood.It comes down to 3 basic pillars, and I'll give one example of each here, and will go into more depth on each when I have a bit more time.1) Listing Optimization - Bullet points, color.

Basically you did a rockstar value add that I suspect no poster could n this thread has matched.  

I realized they were basically pushing the others to their max so they could swoop in and win it.And it didn’t stop there, one guy signaled his bids by shaking his leg, and another by tilting his glasses.

Some of us hold CPA licenses, some hold EA licenses which is basically the same.

  (3).don't have a property manager basically  (4) don't use too much for personal use - lot of nuances here.