Imagine if we were trading stocks or currency and all we did was talk about the magic and positives of margin trading, without ever talking about the negatives.    

@Ladè BaruwaBe careful of spreadsheet magic.

State laws will prevent him from doing anything "magical" anyway.

As if the tenant is going to magically have July and August rent in 1 week, when he barely makes enough in a month to afford the place..

I think this is the magic of this post being able to put yourself in the situation and see the decisions you would take.

When you lose a dollar in actual money you don’t magically get that dollar back because it is a additional write off.

You have not found some magical loophole.

I guess the main reasons I’d want to keep the house are 1) ego - to be able to say “I own a rental property” and 2) hope for things to magically turn around and one day sell for profit (gambling...)What would you do in my shoes?

I have a preference for Burner, the voice quality is much better than Magic Jack.

I have a friend dealing with a family trust problem (why do parents think their children will get along magically after they pass on?)