Should I just chalk it up as a loss and move on?

However, it's important to be cautious, as sheriff sales can be risky for inexperienced individuals and may lead to significant financial losses.3 - Referring to point 2.4 - I can provide you with some recommendations for CPAs who are based in Ohio.

If the Ensuing damage is also not covered, the total loss could be vastly higher.  

People just need to accept it's smart work, timing, etc. to make millions, tens of millions ( no magic pill).

Or buy a thermal camera to check for heat losses, they have gotten really cheap. 

Your perspectives have been incredibly helpful as I navigated how to handle the situation.Here’s how I just responded to the tenant:I expressed sympathy for their situation and the loss of their pets.

Typically people who ask this question either a) have TONS of money and no time and can afford to take losses and risks OR 2) are pretty naïve to all the risk of long-distance OOS investing.

.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

DIL is a voluntary foreclosure.It is a loss mitigation option you have to apply for and be approved.