A loss can actually be a valuable thing and applied against other income especially right now because of covid changes.He can use retirement accounts to cut a check if he has to.

A cost for fuel remaining in the oil or propane tanks?

I also will say that while the 50% and 1% rule are good short cuts when looking at a deal initially you want to make sure and drill down and lay out all of the numbers in detail as every property and city is different.

If you're living there regardless, and can cut housing costs substantially or even bring that to zero... all while benefitting from loan paydown...

I’m glad I did everything on my first house, I know what to look for in good contractors and how they cut corners.

With a contract it’s cut and dry in court, he broke the rules and now he loses ownership.

Often time it is difficult to cut the multiple layers of flooring out, Ive seen as much as seven layers of flooring under cement board and tile.  

You should cut it loose.Oh BTW, what's the address of that property?

When I am done my day job, I want to be on the floor laying tiles, cutting wood, etc etc.

Then they will review what is in the lease for default provisions and bankruptcy clauses.There is no clear cut answer it often comes down to a gut call between landlord and tenant as to how they work out a possible exit.