Inherited beach condo with negative cash flow?

[Doug Scarano]

can anyone tell me of any benefit to have a rental vacation home that loses $10k per year?

PITI & HOA fees = $25k per yr

Rents = $22k per year

Less management commissions, upkeep, cleaning and amenities.

Leaves $15k per year.

Runs in the hole $10k.

Any tax benefits?

Am I missing something?

I could understand if it was $2-4 k but $10?