I could rent out the one side for 1100... so already I'm at a loss.

Sell fastSorry to hear about your loss.

Or should I do some feasibility and then wholesale the contract?

Losses decrease basis.Just don't let your basis be zero as you will then run into taxable income.

@Krystal Baker so sorry to hear about your loss.

If you each put in 50% of the required cash, both of you are on the loan, and neither of you actually do any work on the property, then, yes, a 50/50 split on cash flow (or losses) would be appropriate.

I agree with you both, I would rather take a loss than sit on a property a long time.

Not too mention the losses from the market.

If they don't take adequate precaution they eat the losses.

I have spoke with my attorney, who reviewed my lease, and he said that I have a pretty straightforward case and it shouldn't be hard to recover my losses, should I have any.I really appreciate the criticism.