.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

DIL is a voluntary foreclosure.It is a loss mitigation option you have to apply for and be approved.

Given the cash flow loss on the 7% property, I think I need to remove the emotion and make the right business decision for my portfolio holistically.

Can you sell without a large loss?

You can probably make up for the perceived loss through the reinvestment in your US business.

Eviction costs surged and so landlords needed to increase rents to deal with vacancy and collection loss and increase their screening standards.Then the eviction moratorium.  

You might need to accept losses on some properties, but sometimes that's the cost of learning.I'm glad you found a better property manager.

.: Massive loss of accrued interest and principal????

What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

 $192,000 per acre.I might have to lose some weight to fit in that 36 belt so we can go another 20 feet up.