$125,000 - $40,000 = $85,000 less realtor fees to sell it, and will a lender finance it in it's present condition.Also, those pier and beams go out of wack all the time and maybe just adjusting them will fix it.Some of the older homes are jacked up with all kinds of automobile junk yard scissor jacks and Auto Zone bottle jacks, piles of rocks, stacks of 2 x 4's on grade, wooden shingles, tar shingles, etc... vs proper peirs.So maybe one of the renters (or one of their friends) crawled under there and removed the jacks to use on their car repair or sell at the pawn shop for beer money and now the floor bounces.Meaning get a 2nd opinion from a pier company (that's legit, has an office and a website, etc...) and have them confirm the ROT--if any.Because the floors do rot (sometimes) and also the piers go out of wack and sometimes also sometimes disappear into thin air--and no one knows what happened to them.Getting a 2nd opinion on if there is rot--with cell phone pics of it--would be smart--if none then adjust/replace the jacks.Good Luck!

If you only own two rental units, you can't write off the full expense of a car or cell phone.

Do you give all those ruffians your personal cell phone? 

@Varun Batra Yeah forsure private message me your cell

Feel free to give me a follow on IG @crisnorm_mortgage my cell is there.

If crypto went to zero tomorrow, there would be thousands of people demanding action (bail out, hand out or demanding blood).

Even if I add back in your 20% in expenses and say we didn’t use property manager, you didn’t write off your cell phone, your internet, your new iPad, and nothing broke you have a $2,000 loss. 

@Julian Colvard Never give your cell number to tenants! 

@Chris De Celle thanks for the response.

Think the cell phone companies would pay cash for debt?