A traditional rental or even executive rental would bleed you out, as you mentioned.Otherwise, as the others above posted, cut your losses and apply your capital to something that will produce a return.

Greenville is pretty tough but theres alot of good things going on to the north and east of that area and its starting to slowly bleed into Greenville.

Communication2) Rehab quality3) Transparency/Honesty - I definitely dont want to think im buying a "win" property in the beginning and bleed out slowly from deferred maintenance or lack of communicationThanks for sharing your experience Vanessa.

You shouldn't be holding properties that are bleeding annually or holding property that is only making you a few hundred bucks a year. 

I spent a decade studying various markets including our nose bleeding expensive Bay Area market.

On top of this, the heavier maintenance and refurbishment costs (Capex) will bleed Berlin dry.Ultimately, this will lead to a depreciation of Berlin’s housing inventory in the best locations.

No flip options as your closing costs on the buy and sell wipe out any gains unless it's a long term hold while bleeding cash.

But if you think about all the tax deductions, rental cash-flow, property appreciation we've seen in just these two short years, it has been a much great return and has accelerated our net worth growth so much more than Stocks have.On the other hand, I've never had to sweat or bleed picking a stock or index fund, but this morning I am sore and bruised from being busy last night picking up two kitchens worth of used cabinets off craigslist. 

You'd bleed cash like a stuck pig.  

What happens is the clay dries and cracks and then gets moisture and swells.