Which is to say you or your current entity (same taxpayer) needs to be on the new deed, since you dont have a partner now the only way to do that is to both you and your partner being on the new deed. 

Tax Cuts and Jobs Act of 2017, enacted Dec. 22, suspends from 2018 until 2026 the deduction for interest paid on home equity loans and lines of credit, unless they are used to buy, build or substantially improve the taxpayer’s home that secures the loan.So yes you can still take it as a deduction as long as it qualifies.

There is a special 2-year rule for the sale of a primary residence that could exclude up to $250K in profit per taxpayer from capital gains taxes.Just because you are in the 10% marginal tax bracket does not mean that all of your income is taxed at 10%.  

My monthly property tax payment will go from $218/mo to $627/mo; clearly this will negate my anticipated positive cash flow.I'm looking for opinions on what to do in this situation.

From the tax payer's standpoint, shortsales are best and I therefore promote and believe it shortsales, it is at least an attempt by the homeowner to come clean.

When a qualifying principal residence is sold, up to $250K capital gain per taxpayer that is due to appreciation can be excluded from taxation.  

Verified by the USPS as vacant and comes with county tax payer information and tax billing address.   

Commissioner one of the rental activities included in the taxpayer's grouping election was like an STR, which removed the activity from the definition of a rental activity under Sec. 469. 

Maybe they will see you as low risk for audit and suggest option 1 or 2 to not attract attention.One approach to get the contractor to provide their social security number is tell them you are going to 1099 them and tell the IRS they refused to provide their tax payer ID number.

This is what our CPA says:"The rental real estate loss allowance is a federal tax deduction available to taxpayers who own and rent property in the U.S.