thank you, even at the price he paid back in January it looks like he is barely breaking even.

The courts have noted that a taxpayer may establish hours of participation in a real property trade or business by any reasonable means. 

In this case, most the files can be peeled right off the floor with bare fingers. 

BUT drugs were their downfall & I feel sorry for the teenage daughter & 4 cats that barely survived in their gut retching squalor & trash.

I addition, what is a good way to estimate my participation in said LLC taking into account the monetary contribution and work?

This year would be an exception, under CARES act if plan participant qualifies he/she can take a distribution up to $100,000 without being penalized while taxes are split over 3 years.

I do have to mention - tenants sometimes do not like this method because "John" that lives by himself in 500 sq/ft unit uses a TON of water while "Bob and three kids" in a 1200 sq/ft unit barely uses water at all.

We avoided this (and barely had to get involved with it) because our contractor had deep relationships with the city, and was able to help them come to their senses and make an exception for us.

With all that extra info it still just made it barely. 

.  ($134 is definitely not the tenant's portion the way that is written.)There's more info in this document (and an example on page 22): Memphis Housing Authority: Landlord GuideLastly, just so you know, the Housing Authority typically does an annual re-evaluation of their program participants.