It might stop the bleeding for a bit but it could lead to worse consequences down the road, I'd advise sitting with a CPA/tax advisor with all information and finding a strategy that fits your goals. 

If it's your business, do what you have to do, and let the politicians have the bleeding hearts. 

Drop the hammer now and cut your losses as fast as possible or the bleeding will continue, otherwise hang on for a wild ride and it won't be fun.  

Slow bleed vs. moving forward. 

Second, pic a property that is in good shape ("low milage") and will run for a while without the need of major capex and repairs - and then plan your timely exit before you start bleeding.

Kami S. well done, very nice job!

We're just going to need to be a bit more creative about the first couple of months so we don't bleed out too much money.Anyways, is this type of cost/process an anomaly, or have others come across something similar?

@Steve Hyzny Assuming this is a rental property, not a primary eligible for section 121....Yes, you pay cap gains, and yes you pay depreciation recapture along with tax on the interest income.When you receive money from a financed sale, your money basically has 3 classifications...Let’s say you bought for $100k, sold for $140k (net after swelling cost) and took $10k in depreciation.My understanding, but verify with your cpa....1) 2/3 of the Principal and down payment you receive will be return of initial basis, no tax2) 1/3 of principal received will be subject to cap gains and recapture tax (I believe the recapture gets recognized first until fully taxed, but not sure)3) any interest received is taxed as interest income 

Seems like it would save me on maintenance with bleeding the radiators and potential leaks.

The water made it under the floor and caused the subfloor to swell and buckle - ultimatley we had a several thousand dollar repair.