if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

How can I lose???

It's real estate in markets with population growth, it's pretty hard to lose money if you get an inspection and appraisal.

Con - lose any possible property appreciation over the next two years.

Have you ever heard of a Landlord being sued by a Tenant and losing property?

You're going to lose your loan from what I understand.

Due to the nature of the shorter lease terms, I am spending an excessive amount of time updating my Excel spreadsheet, MLS, business website, Airbnb, VRBO, and other platforms.

None of those areas have excess housing.I question if housing is going to see a boost in value over the near term due to not having enough housing to accommodate the displaced fire victims.  

The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.  

(End)Unfortunately, HOAs are often ran by individuals who are not the most knowledgeable on regulations, accounting practices, and more - and property managers do not want to intervene for fear of losing the contract.