Or, am I overreacting and PMs truly just lease the property, hold on to deposits, and fix things when they're broken?

The depreciation of the asset is not a "real" cash flow for your purposes. 

Is there any silver lining to this proposal or it would it truly in fact be a large blow to the real estate community?

This means that you don't need to create new accounts, like rent, and expense categories that are specific to rentals and real estate, but Buildium is expensive and for people with larger portfolios. 

Hello Jennifer,For Seller Financing, you would write your offer just like you would with 3rd party financing.I would think that Florida Real Estate Commission has a Seller Finance Addendum to add to your contract, on the addendum you would fill out the terms you are proposing. 

This loss could reduce your taxable income on a dollar-for-dollar basis, especially if your Modified Adjusted Gross Income (MAGI) is under $150K.However, the debt must be bona fide and a real, enforceable obligation.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hi,I'm Lacey Rathsack, a real estate agent based in Roseburg, Oregon.

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

We know the benefits of house-hacking and how it can afford someone to get ahead in real estate, so we wanted our next purchase to pay for itself via Airbnb.