you'll probably still need something long term like software as others have suggested but this was a thought i had... you could see the actual profit or loss from a tax perspective for each property.

Is the cash flow loss a lot less than than the equity and what is the plan to be cash flow positive? 

However, while anyone who purchased in 2022 should expect a loss, that doesn't mean everyone is going to/ able to  accept one until the house has sat on the market for a while - probably different at your price point - ie more expendable $; able to absorb a loss.

Insurance deductible is $5k and I was not planning on filing until I found out about the total loss of the wood floors.  

Quote from @Greg Loberg: I have been a lender on many notes through Safeguard Capital Partners over the last 5+ years. 

The insurer will probably also tell your friend (s)he appears to be in breach of the averments in the seller's affidavit and will be held responsible for any loss the insurer suffers as a result.  

my thought is you take on some risk doing this.. if the info  you are providing does not pan out.. you know investors they take a loss and its never their fault its always someone else.

O had ~30% swing last year, that's "the" div king. 

If rents don't outpace inflation, you cannot achieve financial freedom.The income must last throughout your lifetime.

Lastly, agreed 100% with Stuart, you can't go into it using best case scenario assumptions and allocations.