The money partner leaves $10,000 in the account for any incidentals and we split the profits or the losses 50/50 until we sell in within the next 3 years.

Chalk these losses up to tuition. 

I expect greater than 10% just for the loss of residential F/f financing.at 10% difference, or even 15% difference, coop would be up there with lot splits on sophisticated value add.  

If the market goes down you don't take the losses either. 

Second, you don't want to operate at a net loss, it's money out of your pocket every month and essentially negates your equity gains over time.

It's a small place so I'd guess it won't rent for enough to cover your expenses anyway so I'd probably sell, especially if the loss is small, it unless it's in a great neighborhood that you think will do well over time. 

Maybe we can help a lot of people on this Bigger Pockets platform.So if you are an experienced investor, flipper, or buy and hold person?

If I had known the numbers they quoted me were total garbage, I could have sold my houses much earlier and saved about $80K in losses.

Very grateful for bigger pockets!

@Hitanshu ShahDon’t expect to recover losses—it’s usually not worth the time or cost.