If you pay cash, you don't have a payment, but effectively you are giving up an income stream if the cash had been in a bond or ETF and earning you either interest or appreciation. 

Then you add the compounding effect of hurricane Dorian and it was crickets.

At $1200 in rent, you will probably have negative cash flow. 

I'm making two assumptions here - it will take you a year to get the tenants out, and so you are cash flow negative for a year, and that year of negative cash flow is a lot less than the loss in sale price you will need to take to get it sold as-is. 

The main problem with negative cashflow properties is this. 

While fire safety is undoubtedly important, a mandatory sprinkler requirement may have the opposite effect—discouraging necessary renovations and inadvertently making these buildings less safe.No one disputes that sprinklers can help save lives in the event of a fire.

I claim if you properly allocate for sustained expenses this is negative cash flow. 

This can create a subtle but effective pain point for the landlord—especially if they’re not excited about taking on those responsibilities.

The perception of Section 8 from an investment standpoint used to be lean negative.

Below is today's update: "Corporate Transparency Act Reporting Requirements Back in Effect with Extended Reporting Deadline; FinCEN Announces Intention to Revise Reporting RuleFollowing the February 18, 2025, decision by the U.S.