You would also want to move this to the K-1 activity on your 1040 tax return so future net rental income (profit) can be reduced by prior disallowed losses.Happy to help.

I guess depending on future rates, cash out refi could potentially make a break even property finally cash flow all while taking out cash to buy another?  

Have them in writing, not just in your head.

If it's an issue of an unscrupulous PM, then demand they make things right or report them to state commission.In the future, you should at least look at your bank statement or owner report once a month.

But I was concerned with how high rates are now and renting it out with negative cash flow in the future. 

If the tenant decides to move you have the opportunity to re-rent to a more qualified individual at Market Rent.Generally we consider section 8 the bottom of the market. 

Also bonus points, if you have a spouse that is not sure about RE/ rehabs, your spending paying for vacations always helps. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The plan is to conduct mold inspection and remediation after the tenant moves out and then re-rent the property.

I am looking with a private money lender to partner with, now and in the future, to close the gap between bank funding and my available capital.