I agree with @Mike9241; it's more likely you would have a loss eligible for the SDA (up to $25,000) which you could use to offset other income.
However, since you mentioned little (or no) income, you might not be able to take advantage of the SDA. As a result, the loss would be carried forward as a passive loss.
Eventually, you may have passive income which could be offset by the accumulated passive losses or you could use the suspended passive losses to offset gain when you sell the property (the sale could actually result in an NOL).
