If you do decide to help them out and rent continues to be late simply have a talk wiht them and remind them that rent helps pay your bills and since you did them a solid ask for the same in return.  

And of course simply have it demo-ed.

May this year bring you strategic wins and profitable ventures in an evolving market landscape.

Also the school districts have been increasing property taxes in A LOT of investment properties thus eating some of our profits. 

You track all of your expenses the same way irrespective of profitability. 

If you build your investor network while working on wholesaling skills, when you find a real deal you can sell it for a profit.

A savy agent sensing a situation like that might simply ask for proof of funds before showing the house which a nosey neighbor is unlikely to have.

Overall, managing an apartment with Section 8 tenants can be super rewarding, but it takes careful planning to keep things running smoothly and profitable.

If I had been tracking the assets via accounting, I would simply make a journal entry showing the LLC's assets and liabilities going to zero and transferring them to the Holding LLC or the LLC Members.

We grew them in an environment where nothing required to be earned, everything was given simply for having wanted it.