The contents inside the home were eerily untouched - food in the fridge (gross), clothes in the dressers, furniture, end tables, tools in the workshop, toys, shoes, etc.It took me and another guy a week to catalog everything and donate it all in the hopes I could perhaps write it off.  

Thankfully one of the residence is a real estate attorney and owns a property management company so he appropriately got the rest of the community involved so this didn't pass.But ultimately associations can have a lot of control over what you can and can't do with your rental and whatever control they don't have they could just make your life that much more hectic.I hope this information helps and gives you some food for thought.

Thinking about getting a property management company to take care of it when their lease is up but would be taking a loss!

If you have access to a thermal camera you may be able to see from the inside where cold spots are and figure out a way to combat them.Windows are a big area of heat loss too, if they are old that might be the biggest problem.

Here, I have seen HOAs take possession and then rent the property out on a month to month basis, using the proceeds to recoup their losses and profit until the 1st lien position forecloses.

do you have any carry over loss that you were unable to deduct last year?  

It does not put food on your table.

I am mostly considering doing this to use losses from the rental property to cut back on my taxes from the non taxed commissions I receive. 

So they would list it as a $100k sale because that's the loan amount they were clearing and then selling it at a bank loss. 

I am lucky that I was married to a woman willing to help me that has been saving money for about 25 years with her employment.Luckily, my wife is a computer programmer that gets pretty decent pay that pays for my recovery food, diapers, etc..