If it isn't then sell it, do not keep a negative CF asset especially as your first rental heading into an economic recession and probable depression.

Purchase price: $20,000 Cash invested: $115 Sale price: $25,000 Contributors: Cindy Carriger This house was owned by an elderly couple who had rented it to an "interesting" family that included one guy on anti-depressants, a Rottweiler, a pit bull, snakes, an iguana, and what looked like asbestos shingles on the exterior walls.

My biggest worry is I am not taking into account something I know taxes for long term rentals and with depression it’s not really an issue but with a Vaction I am not sure how much it would cost.

I have a rental thats a condo and I purchased it for $245,000.  My accountant wants to use 10% of the purchase price as a land value but the city tax records says I have zero land value.  I tried looking online at the...

Maybe there are plenty of cash buyers in your area and the caps are depressed, so it might work - all depends on your market.

We also tell the tenants that if the dog's barking bothers other tenants the mutt will be evicted through the court system for disorderly conduct.         

For my first deal I went with a depressed asset and did a big rehab and it paid off huge.

They graduate as free -thinkers and go forth to educate their peers and their children.IMHO, you do no one a favor by keeping rents artificially depressed.....

👉Since the great depression, commercial real estate has had far more up years than down years in comparison to both stocks and bonds.

In terms of year over year change, the lowest on record is a 13.48% decrease during the great depression in 1933.