Measure the hole, do the math and figure out the cubic yards in the hole.

I would re-do my contract with the property manager & indicate that they will have to pay at least fifty percent--or some monetary amount- for things like what you have described- that are real damage and cost to repair---I find that money is only important to them if it is theirs--your money is never dealt with the same way.

That's not breaking even, its in the hole.

But, for folks that are looking at being $200K, $300K or more in the hole on a property which will never again in our lifetimes be worth what it was at the peak, what choice do they have but to walk away?

If the landlord knows anything about bankruptcy & what will happen to the rent amount owed to him if a tenant files bankruptcy while in his rental-- he will settle for a monetary amount instead of just being another creditor who will receive very little in a bankruptcy action.Some money is better than no money--I would appreciate a tenant offering something rather than making me another creditor -as a LL I would take the money & get them out of the rental asap..Joann

You will be losing a ton each month.Rent: $4070/monthExpenses: $2035/month (50% rule, search and read)NOI: $2035/monthPayment: $3602/month ($570K, 6.5%, 30 year)Cash flow: -$1568Even putting in $100K and ignoring closing costs, you're still in the hole $935/month.

If you have a glass with a hole in the bottom, the water being the economy, until you figure out how to plug the hole you have to find a way to keep pouring water into the glass.

As a country, we've borrowed our way into a pretty big hole, and now the government proposes borrowing our way out of it.

He reminded us that a society that no longer recognizes that nature and human life have a sacred dimension, an intrinsic worth beyond monetary value, ultimately commits collective suicide.

Just looking for a loop hole.