But, you are right with the rental income loss.

A few extras: (assuming buying in cash... financing would give me the cash on cash value) Purchase price (Once off) $87,000.00Repairs* $20,000.00Total Property Cost $107,000.00Closing costs $795.00 Rent (Monthly) $1,400.00Less vacancy & collection loss $70.00Gross Income $1,330.00 Operating expenses Property taxes $300.00Maintenance $145.00Insurance $50.00Management $140.00Total Operating Expenses $635.00 Net Operating Income (Gross Income - Total Operating Expenses) $695.00 Total Cashflow (NOI - Mortgage Interest) $695.00ROI 11.69%

Credit Scores - I've never seen this addressed in relation to homelessness, but how will people that are on the streets due to job loss, etc. be able to rent again if their credit scores have plummeted? 

I'm working with a net operating loss for my rentals this year, so putting the deduction in Sch E doesn't seem right because the home office should not offset ordinary income. 

That can include some attempts of loss mitigation ideas like DIL or Sale (short?)

Beyond that, I'm at a loss to guide you any further without this becoming an instructive course and you aren't going to get (worthwhile) free training there. 

I agree loss of the entire deposit is unjustified.  

My first purchase was a condo back in 2007, after everything crashed we had to sell at an extreme loss and just finished licking our wounds.

Ask for their loss & mitigation dept maybe?  

However, the flat roof has been leaking for 6-12 months and the apartment is a loss.