Which is why the "it works" forces point to it working and the "its bunk" forces can show that it is not magic, it is just paying more each month.It "works" because people don't realize they are actually causing a loss aversion reaction in themselves.   

Hi Nedim,It sounds like you have a clear vision of your goals, which is great!

I have seen it too many times where an investor will buy an older property or even a new build, they net cashflow similar to you for a year ($100-$200 per month) and then a $5,000 repair or insurance/tax hike here hits them and it's a loss - they either get forced to sell or are majorly setback and unmotivated. 

Realistically, many properties that go to auction may be in such bad shape that they don't justify the high bidding amounts, leading to losses as I mention above. 

Hi Jeff,Sorry for your loss. 

It sounds like this may be a loss but I am sure you have learnt from it.

If you are in this business long enough you will undoubtedly arrive at situations where taking the small loss even if not fair or warranted based on the circumstances is best if it keeps everything moving and avoids more costly delays, liability and inconveniences.In this case, if you withhold the $2K, you still have to find someone to complete the work to your satisfaction.

Make sure you understand the basic math, what qualifies as a good investment, how to manage your investment and prevent losses, etc.I would start with Set For Life by Scott Trench.

Not sure is selling individually is worth the headaches or count my losses and sell as a whole, if there is any? 

If I can afford the financial loss of it not being rented those months (2K mortgage) then maybe it's at least worth trying?