He's just netting a positive $10k, and stopped the bleeding. 

There are other rules though that you might want to prevent a weekend from getting blocked off because of a weekday stay bleeding in. 

If you're bleeding money each month praying for appreciation, then sell now.

A "good deal" might bleed you dry if you don't vet it well.

Make sure to read the loan docs carefully and have your attorney review them swell.

Ideally I’ll have it rented out by month 3 so Atleast I’ll stop the bleeding if I have to wait until month 6.

Most issues with Formica stems from the counters and sink basins not being installed properly and sealed, which in turn allows water to find its way into the press-board causing swelling, delamination, and deterioration.

Even the bleeding heart judges in California would throw the previous owner out. 

He keeps possession of the house and fights you tooth and nail.A game of chicken to see who bleeds out first.  

Lower the price and get it sold before it bleeds you dry.