Cut your losses and let it go to foreclosure!!

San Diego was bigger than this year, but a good size. 

And what I'm seeing is the bigger cabins are struggling for rents and also for prices in terms of sales. 

Hello, Bigger Pockets community!

Found the lead for this house through Bigger Pockets.

You should also be able to claim loss of rents if you have the correct type insurance.

From the leads and SMSing sellers, I know there's alot more deals in the FSBO/expired area as stress, recession,  job loss (hope not), and interest rates stay this high.   

If your healthcare needs are relatively low, an HSA can act as an additional long-term investment vehicle.Additionally, tax-loss harvesting in your taxable investment account can help reduce your capital gains taxes, allowing you to offset gains with losses to improve after-tax returns.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

You will likely need a bigger gas line (assuming gas).