Today's Americans want to live on Sunset Strip and pay Main Street USA prices.

I have a confession: my only duplex, which I gave owned now for 2 years and recently moved out of from a house hack, has proven to cost me more to maintain/pay taxes/repair/fix etc to the point where my cash flow is close to zero.

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.

Taking the loss now is preferable to paying out monthly for the privilege of being a landlord.

@Ricky RigsbeePersonally, I wouldn't pay for it.

Wondering about paying through an escrow agent or something similar 

And the values like all rentals will just track the rental rates and what an investor is willing to pay for a return.

Based on your current assumptions, you would be paying $1,229 per month out of pocket, leading to negative cash flow.If you’re house hacking and living in the property, it might still make sense because you're paying for housing anyway.

If they don't pay rent in full, evict them.

Can pay cash but prefer to finance part of it How did you add value to the deal?