Losses are near $10,000.Those are just a few examples and I have many more.

. :)If you have a $100k W2 income, then your rental losses, including depreciation, can reduce it down to $75k but not below.

For us, we expected to see a 20% loss and it only got to 5% and most of them asked if they could pay extra after they get back on their feet.

Will your relatives share in the loss proportional to their investment?

I do not want to take a loss while the unit is vacant should they leave. 

They also further prevented short term rental owners from cutting their losses and expanded their definition of short term rentals to include anything under 6 months (previously is was 30 days).STRs were ordered shut down and are prohibited from renting to locals, staycations, essential employees, health care workers, and intra island renters.

I also might look into food delivery to make a bit more cashLooking to at a 3Bed 1.5Bath with 1Bed 1Bath cottage that I could move into and rent the 3B out to friends.

If a questionable tenant is interested in a trouble property, it is no loss to them if it results in an eviction.

Job loss, health problems, broken hvac on your rental... adequate cash can cure it all. 

@Paul M. your CPA could be lukewarm if he knows the losses will get hung up as passive.