Challenge: It's in a neighborhood (no HOA), and renting the entire property (sleeps 25 in total) caused problems in the neighborhood, due to noise and parties – so we only rent the separate cabins now.

Unless you qualify as a Real Estate Professional (which has strict requirements), your rental losses can only offset passive income.

I guess that you could call me a 'professional host'.  

You can legally change or cancel a contract if all parties agree. 

I'm curious as what y'all consider to be the minimum criteria for approving a tenant, assuming you don't have access to professional tools.

My day job is being a financial professional, so I have good experience with underwriting and sales that I believe can be translated to real estate.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.

You have every right to be outraged at the offending party and that's the tenant.Stay focused on what matters and that is getting back in business. 

Class A apartments have numerous amenities, professional management, and sit in desirable neighborhoods.