That’s assuming you don’t lose money to vacancy, capex, etc etc.

if you try a flip, you could break even or even lose money. 

The original poster was talking about a $1M investment to get there which I would say that if someone invested $1M expecting that return 999/1000 times they would lose their entire investment (and that might be generous if it's a 1 in 1000)

I would try and explain to her you're also losing out due to the cancellation.

I can't imagine how much money you are losing every month.

If you put down an earnest deposit, you might lose out on that if you decide to back out(potentially). look at the agreement.The more important thing is, do you quality for conventional financing?

I would get with the city asap and find out all the details on this.It could be possible that if the LLC changes hands that it loses it's exemption.

But for some, including myself when we bought in 2015, breaking even or even losing a little each month was okay in order to own a property in Hawaii that we could also use ourselves.- Does the condo have an existing STVR permit or will you need to apply for it?

Any excess proceeds not applied to the investment portion may be taxable as "boot."

I am about to lose my car my place to live basically my life.