It is important when to know how quickly to cut ties and when to give them a second chance, but this does take experience. 

Yes, we did.Here is why: market was a falling knife, loss next month will be worse, subject property not properly insured, and pants on fire "person supposed to pay borrower" is going to cut corners and try other tricks.

Note:  from a "buy" standpoint, unless you are all cash/heavy down payment, today's interest rates for investors in the 6%+ range don't cut it. 

Not everyone is cut out for sales.. there are skills in sales that folks just dont understand..

Given the uncertain neighborhood prospects, I'm torn between enduring potential long-term losses or cutting them now.

@Kim LeJeuneI have to assume that it was a rental house, as opposed to your personal residence or a flip.Each monthly payment has 3 components: interest - taxable as ordinary incomereturn of your principal - not taxablecapital gain - taxable at various ratesYour down payment has components #2 and #3.Interest should come from an amortization table. 

Here's another - the city literally hired a team of 7 people who do nothing but drive around looking for long grass to mow and then bill the homeowner (usually an investor) $270ish for a single grass cut. 

😁Also, that’s the city of Atlanta regulations… I guess since the metro is various counties and other cities, etc. my work is cut out for me as far as researching the best places to do this

Then they start trusting me lol.The ones asking you to reduce your commission and low ball, cut them and move on.

You'll have to replace all of that too....And the Case molding will have to be saw cut as well.It'll be easier to just replace which is what they're technically requesting anyway...