1 The Bahamas economy is dependent on the tourism and offshore banking industries. 2  The economy in the Bahamas is steady and stable.  Constructions for hotels and resorts is booming, due to the large influx of tourists.
Loss on Sale. When you earn a profit on a real estate sale, you have capital gains. When you sell at a loss, you have a capital loss and you can deduct it. If you gains from other sales, you subtract the loss from the gain. If you have any loss left after that, you can deduct up to $3,000 from your other income, then carry the rest forward to next year.
Rent Loss Insurance is not required by the lender in this case. But if your rent is $600 and utilities add up to $250 per month, depreciation of $90 per month, unusually high vacancy factor of $150 plus $200 in maintenance and security, then you have an operating loss of $90.