In practicality, your lease is saying that you have the legal right to charge the rent up until you find a new tenant because you have a legal obligation to mitigate your losses.

It’s a balance between having immediate liquidity and avoiding unnecessary borrowing costs.

This could boost your cash flow without relying on stock market returns (Which can be volatile)2.Real Estate Professional Status (REPS): If you’re leaving your W2 job, qualifying for REPS can allow you to deduct real estate losses against your ordinary income, giving you a big tax break.3.Cost Segregation: This can accelerate depreciation on your properties, creating significant tax deductions.

Somewhere you might take a loss for a year or two, but has strong 5-10 year potential.

There is about 20% in common equity in first-loss position behind us.

Because she is competing with hundreds of others who are hooked to MLS and pay highest amount to get that property (they are not in hot market and in horrible condition, lots of unnecessary  risks involved).

I am kind of struck with this property.When I try to sell this property before covid i got offer around 180k but do not want to sell in loss. 

Economists note that job growth in typically underreported industries fell by 42,000 compared to the 6-month average, suggesting August’s numbers may understate actual gains.Key Employment GainsConstruction: +34,000 jobs, driven by heavy civil engineering and nonresidential trade contractors.Healthcare: +31,000 jobs, though slower than the past year's monthly average of 60,000.Social Assistance: +13,000 jobs, with more modest growth compared to previous months.Other growing sectors include financial activities, wholesale trade, and government (+24,000 jobs).Job Losses and Sector StrugglesManufacturing: -24,000 jobs.Retail: -11,100 jobs.Temporary help employment continues to shrink, reflecting business uncertainty.Wage and Fed Policy ImplicationsWages rose by 0.4% in August, up 3.8% year-over-year, supporting a cautious approach by the Federal Reserve on deeper rate cuts.

Cut your losses and get her out.

You might find success, you might find losses, you might find a lot of lessons learned.