At this time, I’ve only got evenings available but no one likes to eat alone, so how about dinner!

I am already way over budget and the bid number could eat all if not most of my profit at this point. 

The Tenant has to sign it and accept the charges or they can refuse to sign and take you to court to contest the charges.Unfortunately, your friend did not create a list so you will have to refund the deposit and eat the loss.

Basically have your cake and eat it too!

Carrying costs will eat up any potential profits.Whatever was done already is a sunk cost.

Younger people like to club and eat more then gamble. 

So since your mortgage payment is fixed, its actually costing you less and less each year due to inflation eating into that $1,173.

This means you will likely be actively managing it yourself, or you will have a manager in place that will eat up a large portion of your revenue (payroll expense).

You can then file a schedule c or e at the end of the year for all expenses related to the business.

If you sell even with the gains you’ve mentioned your commissions and selling costs would probably eat that up and you’d likely break even at best.You’re right about this not being a cash flow rental.