If you can't afford to pay the principal on the loan then you have a negative geared property.

Statistically speaking, we have a very strong leasing season in the "middle" (Kansas City is in the middle of America). 

19-year old honey-do list:Buy as much rental property I can get my hands onStay away from negative peopleRead Real Estate Books (cheaper than gurus)Read Business Books (still cheaper than gurus)Eat well & ExerciseLove, Laugh & Live

Also after you buy & rehab with the hard money how would you rent it out still owing the hard money lenders monthly pavements with extreme interest rates without going negative? 

We even have some agencies that pay for repairs.Things to watch out for - no appreciation or negative appreciation, evictions, collection issues, tenant issues, and property damage.  

LP on 560 unit complex in Memphis that was down 6% on collections in April vs March and Feb.GP on 170 unit complex in Montgomery, AL that was down 13.5% compared to prior months, but this isn't a great statistic for the area because we are also actively trying to free units up for renovations on this asset. 

Some investors may have a negative connotation when it comes to Section 8 but I can tell you some of our best tenants are in fact section 8.

-Not many.I have all rent payment info sent to the credit reporting bureaus and have notified my tenants that I am willing to work out payment plans, but that rent is still ultimately due and will negatively impact their credit if things can't be eventually resolved. 

Back in 2008-2010 many, many of the old properties in Akron had negative value, they weren't even worth fixing.

you could use a function MAX function equated with zero to prevent negative numbers.