See if your can work out an agreement with creditors for reduced payment  in exchange for payment as agreed letter on your credit report.  

You can find a mentor and-or partner to reduce your risk.

They don’t really want to work, they want hot and ready leads, and tend to be quick to reduce commission, which messes up the industry.

Because losses reduce your overall taxable income, and you may attain not only a discount on the conversion to a Roth IRA, but you may also be in a much lower tax bracket in the 2020 tax year.

And remember, many of these provisions also apply to business that are service businesses (i.e. attorneys, medical professionals, architects, etc.)Below is a summary of some of the business related provisions, as well as some of my other observations that can help you get through this dire time, and keep your business afloat.$300B Emergency Coronavirus ReliefPart of CARES Act.

Property management is a business to build that needs a large scale properties in order to brek even, and after that, start collecting the revenue.In your case, seems you are almost in break even point:  lets see:1) you have now a hand man that will cover the repair cost in many of the units2) you have a group that could collect application fees3) the same group would potentially reduce brokerage cost (depending on the state of the properties) advertising themselves4) You can expand this business and make it profitable...  

But now, the Buyers want to renegotiate a lower purchase price significantly reducing the offer price by more than 20% of the contract price, resulting $1 million+ less from the agreed contract price!

I figured you'd get some value out of the punch list I've made below on how to reduce risk when investing out of state.Don't buy in the roughest neighborhood in the urban core.

Having recently closed on my first property (a 5-unit, four of which I'm renting and one of which I'm occupying) means both drastically reducing my cost of living at a time of economic uncertainty (the rent from the four rental units covers debt service and operating expenses) as well as projects to dive into while work (and so much else) is slow.Long road ahead to get to where I want to, but I consider myself very, very fortunate to have started when I did.

Prepayment penalties may be applicable, but some lenders reduce the penalty fee as time goes on.3) Risk of default on all properties.