Investing in Detroit forces you to learn and adapt.

Adaptive Investors-  A.  

If your breakeven is that close then I would want to get rid of the " dead  debt " raising up my DTI ratio, costing me ongoing monthly maintenance costs etc.It would be a negative drain for my portfolio on my other properties generating positive returns.Sometimes a negative return makes sense if it is land or an old building for re-adaptive reuse where you will cash out higher later on.If this is a house in a subdivision it sounds like selling off will allow you to buy other properties with the reduced DTI and if you pay 1k to 2k to breakeven to sell then take the loss off of taxes if your situation allows it.No legal advice given.  

Everyone is different, but one of the hardest things I found was adapting to an unstructured life (working for myself, at home, as compared to decades in corporate life); it still is a challenge to an extent.I look forward to receiving your wholesale deals; I buy in Orange, Lake, Polk, Osecola and Seminole.Go forth and crush it!

A business model that can't be fluid and adapt quickly, to me, is a failing model.

The key has been to adapt.

Marketing strategies come and go and laws change.You have to adapt to find out new ways that work when too much resistance builds up against a particular strategy.I hardly ever see the signs anymore.

Good luck man, poker > RE is a great move, do not hesitate to partner up with someone with residency/income, 50% of something is better than 100% of nothing.You will lose motivation to grind eventually especially if you buy right and get decent income from RE fast, so better be ready to adapt your financial life. ;)

As I've heard repeated many times on the BP podcasts-- there are ALWAYS deals to be made, but they may just take more creativity, hard-work, and the ability to adapt to changing market conditions.

I have always been one to enjoy adapting to new concepts and learning new things so I am sure this will be very good for me.