Sell home at loss - tax implications

[Jason K.]

I bought an investment property Nov 2018 in Phoenix, AZ.  The home has not worked out, I have not been able to find renters and now I am considering selling at a loss.

I bought the home subject to for 60k out of pocket.  Balance on the existing was 180k and home valued at 235k.

Someone offered to buy the home from me for 50k down and I finance the remaining 100k over 10-15 years..

I just want to know what this does to me for taxes?  I know there are a lot of fill in the blanks here but this home has been a headache and I am looking for options.

[Ryan Swan]

@Jason K. there can be tax benefits to selling at a loss, but you must speak with your own qualified account or CPA, because everyone's tax implications are different. The implications are more nuanced when you're talking about a subject-to purchase, since you don't own the home outright and someone else actually has the debt in their name. 

I'm more interested in hearing about how you've been trying to rent it (self, or PM), and why you haven't had luck finding tenants. The rental market is hot right now, and all of my properties are consistently rented. The few rentals I do for other clients all rent within a few days, and usually at higher rents than the prior lease. 

If you can get a handle on renting the property, then you may not need to consider selling for a loss.