We can also offer cash-for-keys to recover possession of a home.For those tenants that claim they can’t pay rent due to a job loss, we are asking them to support their claim by providing the following:A layoff notice or similarTheir unemployment claim statusAny unemployment benefit award(s)Current bank statement to prove no employment-related deposits or unemployment benefit paymentsWe’ve updated our rent collection numbers through May 15, with the results compared to April 15 below:At this time, that is about all we can do.

As the owner of a property management company, I can tell you that many maintenance coordination activities operate at a loss. 

If anything, your SchC shows your incomeFor the rentals, they should be taking your SchE filings and recalc for 75% of the rental income (not your profit/loss, but 75% of the rents).

As mentioned above I would look into the zoning of the land and try to see if that is even feasible. 

This is not considering a gain in income on your brother's part or a loss on your part.

She won’t be able to use any of the losses (passive) from the rental, with income over $150k.

And my bank account will not notice even with a couple hundred in losses each month for a couple of years. 

In your past experience, what kind of tenant loss could be generally expected? 

I'd try and get it for that price or less if possible not only to make it feasible but it's just not worth the listing price in current condition.

There is a 10 Year draw period and 15 year payback with the bank I used so that benefit alone far outweighs the risk of potential loss of the primary home.