I am considering listing my rental with a price that would lose me 200 a month.  What kind of write off would I be looking at on my taxes.  Using round numbers here is my situation.I bought a new house for the family ...

But the tip is a % of the food and drink, so the fancy restaurant waiter makes a lot more money for less work. 

Wall-to-wall people.For you (Brie, and other experienced RE investors), you'll have to scout for nuggets and networking opportunities (or other non-real estate opportunities) since you'll likely know all the basic RE techniques - and enjoy the energy of Tony Robbins if you like his style (get food before he comes on - since he's on for 3 1/2 hours!).  

If the current rent is 725 and your at 450, that is a loss of money to your business and you!

I started a small company,  after suffering major losses in 2009.

You may not make it there depending upon your purchase price etc.All of the expenses are listed out on the partnership return and then the profit/loss is allocated based upon ownership percentage or any other agreement.You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney.

My $6/mo is to cover me and any workers, plus loss of income due to issues causing uninhabitability. 

You also need to find out what losses are covered:     - Is the Coverage "Special Form" (better) or is it "Named Perils". 

You might try a new contract with your business partner with a "without the possibility of loss clause.

And ya made it with literally 2 minutes to spare but fryer was already down, damn it, but got the reset of the food!!