Your renters are just ordinary folks like you and me.

If your net rental income after depreciation is a negative number, you have a net passive loss from your residential rental activity.Provided you actively participate in the rental activity, you are allowed to use up to $25K in net passive losses from your residential rental activity to offset your other ordinary income.  

However, ratios out of the ordinary should be identified and addressed regardless of the other variables. 

Interest reporting to you is as ordinary income, and you give your buyer a 1098 each year.

It introduces me as the new owner and includes payment instructions, how to contact me for questions or ordinary maintenance issues, and how to contact me if there is an emergency.

All profits and assignment fees are taxed as ordinary business income and subject to self-employment income taxes.

You pay ordinary income taxes, get really no tax benefits, pay social security tax and have to start over again after you sell.4.

Use event brit, it will let you know when upcoming real estate network meetings and most of them you can do for free. 

Texting late into the night and threats are a little less ordinary, but you didn't write that you told him to contact you at other times.You had a deal and dropped it.  

However, you ability to use this passive loss to offset ordinary income is limited.