While losing the 2.5% interest rate is tough, prioritizing a business structure that supports long-term growth might outweigh that loss.

An LLC is going to help you lower your taxable income if it has losses.

It's been on the market for a while with no solid offers.I'm facing the decision of selling the property at break-even or potentially a loss, or renting it and waiting for a better market.

Unless you're getting family memories and like using the place then it might be time to cut losses and move to a new investment. 

I’m still going through the learning what questions to ask phase.1) profits and losses?

You'll be viewed as having influenced the borrower and causing the loss, if you attempt to foreclose it then may appear that you did so to take a property.

Don't start buying the cheapest thing you can find, you'll end up spending WAY more- especially in a MFH, you'll be multiplying your losses. 

I guess the owner would have to weight the cost vs benefit.

asset worksheets for each depreciable item - between 3 and 30+ pagessupporting statements for line items - between 1 and 10 pagesautomobile expenses worksheet - between 2 and 8 pagesForm 1098 worksheet(s) - between 1 and 4 pages per mortgagestate-specific worksheets, MAGI worksheets, passive losses worksheets, and a whole lot moreBy the way, including these extra worksheets will not create more work for me, they are already inside my tax software. 

Can I cut the glass, etc. in place to remove the majority of the weight, and then I'll just have the frame to remove?