To get the answer, you have to learn how to analyze markets to find those micro-markets...like every other REI has done in the past, still does today, and will do in the future.

Passive losses exceeding this limit can carry forward to offset future passive income or gains.

Hire an attorney and proceed with the eviction.In the future, I recommend you don't accept "landlord references" from friends or family members.

For context, downtown Alexandria performs super well as a rental market and bringing in $5.5k+ as the monthly rental income if you choose to move out of the househack in the future will be absolutely feasible (depending on the property of course).

This is my first investment of this sort and it has not worked out how I originally intended but I am learning from my mistakes and will be making better decisions in the near future What made you interested in investing in this type of deal?

That then registers the property at a new “base rate” and your future rent increases all be “base rate” + Inflation as guided by the town.

@Jordyn Ohs pay off/down your Heloc aggressively and/or look into DSCR loans for future acquisitions.

I would like to purchase another duplex in the near future and am looking for a possible turnkey.

Stay focused and close on the property, do not let an out of the blue crime destroy a future REI and cash flow. 

If for no other reason, it seems that I’d have a much better understanding of pricing our rental in general and a good baseline to make decisions in the future.