I would stop the bleeding asap.Good luck and happy investing! 

If you are a brand new investor, you might not be correctly positioned to purchase a property that bleeds you a little every month while you are waiting for rents to go up. 

Less than 10% in multifamily, but that will likely swell to 50% within the next year, as we start syndicating deals. 

Would that potentially bleed into a commercial thing?

BP's a great site. read until your eyes bleed (and let me tell you, some of those forums are ridiculously long and go back years).

A shed , my string mower push mower and weedeater and riding mower evaporated in thin air The property also had a new well with two pumps in a nice lil heated insulated shed And a double carport I guess the tornado (them) that destroyed the mobile carried off well house and carportOf course they said they wouldn't do us that way it had to of been someone else And all the trash on back bank of pond wasn't from them.......oh I forgot to mention a bit of a kitchen fire and I guess before the two 4ft outside hydrants and hoses evaporated they put the fire out with one of them Water makes your garden plants swell and grow If you water MH floors enough they do toWe sold that lil jewel with land at a wonderful loss and when I drive by it it disgusts me The bright side is now there are several crappy MH's and lots and lots of junk the guy who bought it was helping his grandson a doper Well I should have learned several lessonsI ain't related to anyone and I am not in the business to help you outHope you enjoyed this

Originally posted by @Teri S.:Well

Is it because a letter/postcard said their run down dump of a rental is "highly desirable" or is it because they became friends with their tenant and now the tenant has taken advantage of them and they are in the hole and bleeding money (for example)?

Same with multi family in those markets were vacancies were at 30 to 50% or more... when your work force stops building homes and moves back to mexico not much you can do when you have no tenants.and most MULTI as you know breaks even at 70 to 80% occ.. when you go below you start bleeding and bleeding fast.. then you lose themI knew one investor who got totally wiped out at the same time in Vegas In 06 he sold all his Portland holdings 100 million rolled that into 150 million in Vegas ONLY to LOSE IT all  every last friggin dime.

I did all of that and even moved my furnature out there while moving his old rotting furnature from the patio, including a heavy TV that fell onto my leg, causing it to swell up.