Your cleaner may be a great worker and very honest, but she could have still made a mistake.

You started off with a BAD Contractor and a BAD tenant...Just learn from the mistakes (as you are) and carry on, Make back your losses and tell us your success story next time.

I realized that I may have made a mistake on my LBP disclosure form when I initially had them sign the documents.

Best thing to do is to call the local housing authority and they can explain some numbers for you and the process (assuming you can get ahold of them).You could always just post the numbers here or in the proper forum and double check it.Hey thanks for taking the time to call me out on my mistakes(IK THAT MIGHT SEEM SARCASTIC, ITS NOT)I did take into consideration cap ex, repairs, property management, debt services, taxes, and insurance.

If it's big enough, you need professional help to correct your mistake of not claiming depreciation.

We opted to deal with the “homeboy remodeling company” – mistake #1!

So... waiting on the Fed to do something is a mistake 99.9% of the time. 

Rookie mistake No. 1 is to spend too much on their first REHAB; after living a few months in the property, make a scope of work and a game plan.

I would definitely aim higher to also account for mistakes and miscalculations. 

You will make more money-losing mistakes this way.