Back in 19-20, 65% of the average guy there was allocating paycheck to rent.

(most people are unsure of how to record the items from the closing)2) improperly recording payments made to and from a property management company3) Improperly recording payments made to mortgage companies(not allocating it between interest, principal paydown, escrow)

Three, allocate 1/2 of risk capital to each endeavor. 

I would run numbers on allocating for a minimum of ones months on an asset like that.

Our nation's military is deemed "The other 1%" partly due to the size of their allocated budgets for disposable income.

The negative cash flow on this when properly allocating for all expenses could approach $1k/month.Selling is one option. but are there other options? 

Pm says I can get 3.6k a month with 8% for his fee  That is a lot of negative cash flow when allocating for other expenses. $1.3m with $7.4k rent equates to a 0.57% rent ratio.  

For example, if one unit occupies 25% of the property, you would allocate 25% of the mortgage and insurance costs to that unit.It's also a good idea to consult with a tax professional or accountant to ensure that you are accurately reporting the income and expenses for your property and to ensure compliance with any relevant tax laws.I hope this helps and good luck with your property! 

Your CPA can allocate the cost between all the residences and then you can split the sale accordingly and get your exemption, and either report the gain/loss on the rentals or do a 1031 exchange.

Build up that account over time.The “proper” amount is a function of the age and condition of the property and or units.For an older single family house, $5,000 to $10,000 should be the minimum.For older apartments, $2,000 to $4,000 a unit should be the minimum.Some may say these numbers are too high - but if you want to sleep at night - knowing you have the cash to deal with hot water heaters that burst, or HVAC units that fail or roofs that leak; trust me if feels good to have the cash allocated to deal with whatever “Murphy” sends your way.You can “seed” this account with an initial sum and then add to it monthly from your cash flow as time goes.Hope this helps.