I've also looped in @Scott Smith (who has yet to reply) and feel it is time to cut my losses and start over with another firm.I could've gotten the same level of service and attention to detail for a 10th of the cost by going to legal zoom.

Brian decided to sell his property and take the proceeds into his next primary, and I decided to rent my property out at a loss monthly.My loss isn't near $2k / month, but you may find a few reasons you weren't thinking about that would help impact your tough decision on renting or selling! 

Any businesses profit or loss is factored into a debt to income ratio for an owner occupied loan via the tax returns.

With multiple properties you limit the loss of rental income from a single tenant.

I have never had to make this hard a decision but after doing the same thing over and over again, do we cut our losses.

Demand that the lender give a loan for the sewer repair, just to avoid a foreclosure and certainly high loss on the mortgage loan. 

Time is money in rentals and every month is a loss.

Would you feel comfortable sharing your approximate "loss rate"?

You likely won't be able to offset the rental loss with your W-2 income unless you can claim real estate professional status or operate it as a STR and self-manage it.The answer won't change even if you own the property inside of an LLC.Best of luck.

The thought is, if the structure is rebuilt, you would be in the same (or most likely better shape) than pre-loss.