Multi-family properties are a much stronger investment in Tampa compared to condos, especially because of the headaches with condo HOA fees—out of the 3,500 transactions I’ve done over the past 20 years, the only long-term losses I’ve had were with condos.

IMO you're asking for trouble and there isn't enough of a potential loss to warrant a response. 

You win in real estate by never being forced to buy/sell or by taking the loss that can break you.

@Gary - The first letter is a more "I'm so sorry for you loss, and I know firsthand just how difficult this is".

I am guessing you are a Real estate professional and can do cost seg to take a bunch of losses for the new construction cabins that you intend to keep long term as rentals?

If you're going for non full documentation loans then there are other methods to qualify as well (rental income/ bank deposits/profit and loss/no income/etc) but these loans have higher rates and costs typically.

@Robin Thornton Whatever calculation you decide, make sure to include your insurance deductible on top of whatever you budget for repairs or vacancy loss.

But that portion is small so even if they don’t pay and you do have to evict it’s not a huge loss.

This property is going to be a money pit for a while, but long game will most likely show a profit or at least not a loss.  

Cut your losses, and move on.