I decided to cut my losses at the cost of the inspection, thank the inspector for his advice and time, and move on. 

Permits, utilities cut off , estimates . 

Does this approach cut into your return?

Cut the losses and move on before the wound gets infected.

This way you will cut down cash flow but no problem with appreciation.

I think the Perdiem is more like 59 a day but the establishment has a food and supply thing they do and offer to fill your cabinets for the 59 of course they take a cut also.

There are places like Indianapolis and Milwaukee with $50k duplexes that rent for $600/side.If your property isn't losing money and you want to keep it, I'd try to find a way to increase your rent (renovations, etc) or cut your costs (change insurance, refi, etc).As far as amortization, my feeling is that you either want no loan, a very short loan (so you will own it free and clear soon), or a very long loan (so you can cash-flow better).

So you have to pay these subs for all this extra work that the village is requiring and those are expenses you never budgeted for and more time on the books for carrying costs that cut into any profit you were hoping to make.

Hopefully I can at least equal this year's income over the next year after cutting the cord to the company I'm with.

Even then tho I can see it's still cutting it close to break even or loss for the year depending on major fixes. $33,000 minus $29,000 = is only $4000  and that's not considering garbage or water which I will pay until their lease is up.