It's no better than giving them sugar pills for half their social security check and justifying it by saying "the power of positive thinking is real".

WAY more.....In my opinion the only time you would ever want to accept negative monthly cash flow is when you are 99% sure the appreciation is going to pay off in the long run...and it better appreciate a LOT.....You can sugar coat the situation with the tenant paying down the loan, the write offs and depreciations.... but your goal in retirement was to replace your W2 with rental income.... not rental loss.....In my opinion, time to cut your losses.....it will hurt in the short term but be better in the long term.