The sad thing is that even the tenant has violated the lease and if I want to evict them with just cause, it will take 6-9 months from start to finish and 25K loss of rent + fee.In California tenant can pretty much do whatever they want and the policy encourage them doing that.

I hired a lawyer who wrote a letter and was able to negotiate loss of just 1 month of security deposit vs 3 months of rent that was earlier demanded by property management company.

We could sell and maybe take a loss or break even, based on other listings nearby.

While losing the 2.5% interest rate is tough, prioritizing a business structure that supports long-term growth might outweigh that loss.

Talk about regrets.In hindsight, $20,000 is a helluva lot cheaper for multiple lifetime access for me & my family than $500,000 losses gone with the liars and thieves of this world

Unless you're getting family memories and like using the place then it might be time to cut losses and move to a new investment. 

It's been on the market for a while with no solid offers.I'm facing the decision of selling the property at break-even or potentially a loss, or renting it and waiting for a better market.

An LLC is going to help you lower your taxable income if it has losses.

I’m still going through the learning what questions to ask phase.1) profits and losses?

Don't start buying the cheapest thing you can find, you'll end up spending WAY more- especially in a MFH, you'll be multiplying your losses.