., mortgage interest, repairs), and up to $25,000 in passive loss deductions if your MAGI is under $150K.

So monthly expenses are $2809.I'm assuming for the sake of this conversation that you charge $150 per night and are occupied 50% (15 nights a month), so your projected income should be $2250 per month.If the above numbers are accurate, you will have an operating loss of -$559 per month.

If your AGI exceeds $150K, passive loss limitations apply unless you qualify for Real Estate Professional Status (REPS).This post does not create a CPA-Client relationship.

I am sure it will all work out for you in the long run.. we sold ours and made a tiny profit on each but its better than a loss right ?

We have life time losses to uncollectable rent/financing payments to prove we back up this claim.   

Be mindful of a gift tax implications if you sell a house for less than FMV.Also be mindful of transactions between related parties when selling at a loss.

Turn the water heater valve off and see if that stops the pressure loss. 

Typically, this results in the loss of hundreds of affordable housing units.

Part of those cuts included the short-term rental tax loophole, a strategy real estate investors can use to help mitigate their rental income tax by offsetting earned income with real estate losses, and could be renewed or extended.  

The owners of 100+ unit complexes are not individuals who will be swayed to sell by a good offer or the need to cut short term losses.