Hope things improve moving forward for you and in the grand scheme of things, $2600 loss I would just chalk up to a lessons learned and one you can continue to teach others about in the future.

You should be able to figure that out analyzing just one...the deal you are looking to potentially buy.2 - CoCReturn tells you how much cash you recover of the total cash you spent on a deal within the first year of ownership.3 - You need to learn Geometry and Algebra first, of the calculators won't do you any good.

Or should we accept the potential loss on the second room if it remains unrented?

 $150/month is nothing… and given your closing costs of say $16,000 if you sell, it would take 8+ years to recover that $16,000 at $150 per month.  

I have some rentals and have more depreciation than what they rent for so if I was able to classify the new construction as passive income, I could then use the "losses" from my other passive investments to help offset the income.

If the builder miscalculated or overlooked on certain items, now they are making very little/nothing/lose money, either they will honor their word and still finish the house for you at a loss, or they just stop showing up to your job.

That being said, I do know a good credit repair specialist who may be able to help you recover your credit score and then you could go and get a traditional mortgage to replace the hard money loan.

Sidebar, you usually don't have a Social Security savings with typical rental losses.

I need some advice on the following situation.I am sorry for asking such a basic question, but unfortunately, I am still new to this and never dealt with this type of scenario before.I have a single family home that is part of an HOA.My main goal is to protect the asset and avoid any potential financial loss as much as possible.The current lease agreement states that the tenants are responsible for mowing the grass.They are also responsible for paying any HOA fines, etcUnfortunately after multiple attempts to get through to them to cut the grass, the grass was never cut and the yard is getting worst and worst.They also refuse to turn on the sprinkler system which is causing the grass to slowly die.

In other words if they move out, it would take you 1-2 years to recoup the vacancy loss with a higher rent.