Same as if it was bank-financed.However, make sure that you can in fact reduce your taxes by rental losses.

In the hard money world this gets brought up a lot.

First off, make sure you are communicating appropriately with the tenant.

With the right improvements (even modest ones), you could increase rent and make it a more profitable rental without starting over with a new property.

For example, if your lease does not make any other charges to the tenant "payable as rent" or "payable before rent", then you might not be able to evict if they don't pay these utility bills to you.

After lawsuit, the properties are handled by receivership that's handled by SEC.Now after three years of selling all asset, guess what, all investors are receiving 95% of their money back.

-Carrot sites are converting 33.3% higher than the industry standard for real estate.In short- if you have aspirations for generating organic leads in this space, Carrot is the way to goAlso I'd be more than happy to setup a zoom call to walk you through anything on the Carrot side and make recommendations on agencies if you were looking to outsource the paid ads.

You must have money to service the debt on the property you do have, and to cover emergencies.  

And is there any angle I'm not considering that would make this an unreasonable idea to pursue?

The reason I am offering this is to make a sale easier and close of escrow faster for a potential purchaser.