5K rent seems cheap for the area so I would continue with that.

I know it seems like a tough task, but can you spend a few more months or a year while you continue to learn to really tighten the budget or find ways to earn a little extra to start from a stronger position?

Good leadership and one reason why I continue to stay plugged into BP.

Faced with mounting expenses, extended timelines, and diminishing returns, we ultimately decided to sell the property instead of continuing with the BRRRR strategy.The Insurance Mistake:The biggest lesson I learned was that I had the wrong type of insurance.

The new buyer brought a new down payment that made me whole and then some, and despite the original buyer falling behind, I continued making the underlying payment on the mortgage with reserves from his original down payment.

There are no write-offs for decpreciation, no continuous rent payments and so on.I appreciate your reply. 

I think as people are able to choose to work places that have better weather places like Cleavland will continue to decline.

I would continue with the STR in NJ.

After five years, I am willing to buy the other owner out or they could stay in and continue earning and enjoying the property. 

The main reason for this is to continue to do medical missions around the world  even when I'm dead.