The IRS describes 6 different methods with varying levels of accuracy.

I would advise the tenant's attorney that 1) The first time you heard of any defect in the property was his letter. 2) There was no mold present when his client accepted the leased premises. 3) You have tried to investigate his claims and make any necessary corrections to the property but his client has refused access. 4) Describe your lease terms for early termination - what must be paid, etc.Also Google the attorney and law firm.

Sometimes I contact people with a question about their experience, and often they are happy to answer, but this doesn't create any momentum to build a relationship in the long run.I'm actually considering moving somewhere else where there are more opportunities (e.g. more REI meetups), but I'm not sure this will automatically solve the issue I described for the LinkedIn approach.

This can also work in reverse but with other properties out there that can cashflow there's no reason to tie up money and effort in a property like the one you described.

SCHEDULE ESchedule E is the SEXIEST Schedule to investors (that's right, I used sexy to describe tax returns).

Homes like you are describing are a bit of a lifestyle for awhile (not a bad thing as long as you know that is what you are doing for the weekends and with your free money).   

Found the link below that is interesting and describes market-based pricing.

@John Powers I have a few friends who work for large real estate private equity funds as data scientists - essentially doing what you’re describing.

It could be the first 5 years of a rental it will be a money pit - for reasons you describe.

@John Ching - "Mafioso" is a great way to describe it.