My loss was only $500 BUT I didn't follow my instincts and I got burned.Please BEWARE of an email from Jason N Coogler from Prime Access Loan located in Perry, GA.

Someone told me its very hard to sell these properties and you have to sell them at a loss if you want to get rid of them.

Tenants in arrears due to “loss of income related to COVID-19” have a six-month grace period—without late fees!

Now that I've had a bit of time to put in some info into rental hero, under the "profit and loss" section, you can save/print a PDF with details. 

Your profile mentions that you are an agent with rentals.You would want to see if you are able to claim real estate professional status.If you are able to claim real estate professional status, you can potentially offset the rental losses with your real estate agent income.Furthermore, TN does not have a state income tax allowing you to be more open with your options.Best of luck

Hey Nitesh, so sorry for your loss.

G*d forbid something happens and there is a fire or other loss.

All cash costs, and negative CF is a loss, must be recovered before you can make a profit. 

The rental might be vacant for a month,(8% loss) or a tenant might not pay for a month while you pay to evict them.(8-16% loss)  A $1,000 appliance/water heater, or a $8k rook or hvac unit might go out.(5-40% loss)  You should be paying a PM 8%.

Or don't and suffer huge losses due to subpar leasing and property management operations.