Like the above post there are strategic ways to acquire property without over leveraging.

I'd hold on to these two and use them strategically to your (un)fair advantage.

So, I force equity with strategic improvements & good management moving rents to market.

When I took over my property everyone was month to month and I strategically timed the leases to end February-April.

Don't sweat the minutia and pick your winning battles; I don't see the beginning of a lease as a strategic time to get into an argument over something so small, especially when it's an easy win for you down the road should it re-present itself.

Strategically, I would launch that tenant as soon as your local laws allow.

Treat it like a strategic partnership.As John stated it's highly variable.

There is no silver bullet solution and yes, @Taylor L. is right in that all of the info you need is readily available online for free.The issue with the free info online is that it is not necessarily organized in a strategic way and as a newbie, you may not know where to begin.

Hi Carly, I recommend Erik Bolinder of Exceed - Strategic Legal Counsel for an attorney.

If you think the asset is strategic for one reason or another, and you will eventually make your money back on sale, then there is theoretically a good reason to have negative cashflow.