If you want to skip the trial and error and the loss of time I recommend the flight school. 

Don't forget transaction costs, seller concessions, vacancy loss if you sell vacant (which you should), capital gains taxes on the profit if there is any, etc. 

In today's market, many office landlords would much rather walk away from their properties and take a loss than fight to attract tenants and avoid foreclosure.

This allows our machine learning models to provide more accurate rental price suggestions by avoiding less similar locations.While PadStats is currently available in two states and a few other MSAs, adding support for Richmond, VA, would be straightforward.Their revolutionary rental Automated Valuation Model (AVM) considers 23 inputs for each property, using Fannie Mae condition guidelines to score and assess property conditions via AI and computer vision.

Also, there are no coverages for the most common homeowners' losses like water backup-- it's just standard coverages.3.Youshould get insurance as soon as possible -- there should be insurance on thecondo at all times.

@Dylan Speer sell it, come up with the negative money balance, write the loss of on your taxes and move on with your life.You can sell it "subject to" to someone looking for a home with no money down and save on Agent commissions?

You want the flexibility to access your money sooner.4) Tax Benefits from Real Estate: When you invest in real estate, you can take advantage of depreciation and losses to reduce your taxable income today.

@Nicholas Pisano real estate investing is a long-term game, not overnight.Have seen many newbies jump in a buy several properties, then when things don't go according to their unrealistic plans, freak out and sell at a loss.A past client is doing that right now - they bought 5 properties from a high-pressure agent, hired us, micro-managed us to try to meet their unrealistic expectations, terminated us and hire another PMC to "save" their portfolio and went that didn't work out, are now selling 3 at a loss. 

Long-Term Vision: Sure, the duplex is step one, but what’s my long-term game plan?

Plus if you want to do the STR loophole and offset your active income with "losses" from your STR, you will need the losses to flow to your personal tax return.