What to do with a poorly purchased, nightmare-only duplex?

[Adam Azam]

With some of my wins, came a big loss with a duplex I purchased last year. I bought it over market for $175k. I found out that an almost identical duplex next to mine is getting offers at $165k. So, I would be taking a loss if I sold it in this market. But this property has been full of issues from Heater and AC going completely out, leaks in upstairs bathroom which shot out lights for the bottom floor. And there are currently more standing issues:

-Crawlspace constantly floods during rain because of it's low elevation (water coming in from waterbed). So, an encapsulation is likely needed. Simple sump pump wont do.

-Plumbing is apparently not up to code and needs to be redone

-I just had an eviction, so still need to do cosmetics

-Kitchen sink in other unit busted and ruined the kitchen cabinets below the sink. Needs to be replaced when they move out.

Judging off the two tenants I have, this area doesn't attract the best tenants. All in all, I didn't do a good job in my DD and I broke some of my own rules because I got a little caught up with the housing frenzy.

Based on estimates that I've gotten for some of the issues above, I'm would need to spend significantly more than the loss I would get from selling the property. Would you ride this out eat all the costs to stabilize it or get rid of it?

[Ozzy Sirimsi]

what is the cash flow situation ??