I have around $130k in this project so far and am worried that I am going to have to take a huge loss on this project. 

Custodians do exactly the same thing but with the added regulatory and financial scrutiny noted above.

.- Alternatively, complete the repairs and sell at top market value, maximizing your return despite the short-term headaches.However, if the ARV is too low and won’t justify the $50K+ in repairs plus remote-management stress, You might be better offer selling now, even at a loss.

Quote from @Tom Grieshammer: I’m 26 and living with my parents so I’ve saved 120,000 and am trying to become financially independent.

The properties on an overall basis have tax losses. 

I've accepted that I will take a significant loss on this, and have already learned a ton from it, but I would like to reduce the total loss as much as possible.

We will soon see what the financial authorities have to say.

In this response, I will outline the process of selecting an investment city based on financial goals.Financial independenceFinancial independence goes beyond reaching a specific dollar amount, like replicating your current income.

@Joel OhA regular insurance policy can refuse your catastrophic loss claim if they find out you were renting your house as an STR.

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