Items like lumber, insulation, roofing would be categorize as hard costs.

Were they already motivated to unload it?

I talked to my realtor again today and there has been no mention from the property owner of a all or nothing type deal, but he does need to unload all of his properties.  

You are losing $70/month on the mortgage alone, and without knowing what else your "payment" figure includes, it could be hundreds more in PM fees, property taxes, insurance, maintenance, etc.The refi certainly seems more appealing at a glance but again, if we have to consider the additional expenses listed above you'll still end up underwater.Honestly, it seems like unloading this thing any way you can in order to limit your losses seems like the best play.

Purchase price: $275,000 Cash invested: $35,000 3 Family property I was able to purchase from a local investor looking to unload several properties quickly.

Unloading relatively illiquid assets in an attempt to time the market may prove futile. 

I'm seeing crazy pricing to unload total junk in Indianapolis.

Add to that where you have a vulnerable population (lots of seniors), places where cruise ships have docked and unloaded quarantined people, and centres where people travel a lot (universities, large corporations, conference centres).

Some of these investors may be looking to unload rentals. 

BP fellows,I'm renovating a property in Hoboken and looking for advice on where to source materials.I've found lumbers liquidators to be good for flooring and went with Pella 350 for windows (best windows for the price) but cant seem to find good deals on other items..doors?