I find it's best to get your rental data from a few different sources, weight them, and then do the math.

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?

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

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.

You have more weight and you are a more important client.

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. 

For example, you may have suspended losses or some other circumstances that change the game.