I think you dodged a bullet on this one.Keep the deposit and call it good.

Without cash, it is like going to war with no bullets.

I've also thought about biting the bullet and installing a concrete driveway so regardless of what floor I have I don't have to worry about as much mud getting tracked through the house by a future tenant.

However, for many parts of the country, there’s a 7th bullet that will blindside folks who got in too late: regulation.

Consider it a blessing that she flaked and kept ignoring your original offer- Dodge the bullet NOW....DO NOT RENEW HER UNLESS SHE PAYS AT LEAST CLOSER TO MARKET RENT..... if you think your unit doesn't really meet market standards to get market rent, then at least get it closer or at minimum keep it "as is"...

The five bullet points that you have posted contribute to confusion about the question you are asking: Should I sell my negative cash flowing property that I over leveraged?

Hopefully I am dodging a bullet on this one.Our neighborhood owners group is also petitioning the DOB and Elected Officials to take possession of and tear down the building.Thanks and I will continue to update.

They definitely know their stuff and seem like they set up a bullet proof structure.

I'll try to bullet point the details for simplicity. 1.

Or you may have dodged a bullet and your accountant somehow allocated the depreciation between the two lots and suspended further depreciation.