We have a high saturation of rentals that has caused the market to lose money. 

Perhaps the East Asian hospitality industry provides full refunds no questions asked. 

One who is active still and recently did a case study write up like this is Don Konipol, the other pops on every now and again and did a BP episode many years ago Aaron Mazzrillo so search those two names and read some threads.A more likely scenario is not what you mentioned as the ever growing note/value deal, at least not as outlined.

You still claim the income as miscellaneous income and deduct property taxes and mortgage interest (subject to SALT and other high mortgage limitations) on your Schedule A, but that's it.2. 

If the guest feels slighted, there is no fact checking service provided by AirBnB to confirm their claims, so it is up to you to let future guests know the level of professionalism you provide.If you are able, I would recommend editing your response to the 1-star review.

I have provided them a letter from my broker about the amount that can be used.

Do you need to provide proof of funds at the bid or are the actual funds due at the time you win bid?

Use a quitclaim or warranty deed to transfer the title, and be prepared to pay Chicago’s transfer tax, calculated at $7.50 per $1,000 of the property’s fair market value.

.🔹 Maximizing Value – A distressed property isn’t just about fixing what’s broken; it’s about repositioning it for the best possible return.

I feel that you should have about 30k-80k in equity ($250k-300k property value) based upon the little bit of information you have told us and my experience in palm bay, FL / Brevard County, FL.