Due to the 15 year note we have on the property, we are currently suffering a loss from the amount of repairs that have made.

In a deal like this one, where you are barely breaking even and always going to nervous about taking a loss when those unaccounted for expenses come round, the relative purchase price is much more important.  

Potential losses in misappropriated rent can be between $24000-$30000 per year.

Tenants who don't pay and tenants who tear up an apartment, will cause you headaches beyond belief, not to mention a huge loss financially.

Now, I’m at a point where I almost accept the $7,000 - $9,000 loss.  

This will more likely create a loss or mostly eat your rental income.  

Second, to cover the loss they incurred regarding their personal belongings (Personal Property) and third, the cost of temporary housing (Additional Living Expenses).Landlord's Insurance - Your insurance agent will sort out who is culpable and claim against the tenant's renters insurance policy if that is an option.

Net loss for economy.

This gives you instant equity and the ability to refinance if you need to or sell without a loss (and potentially a profit).I am happy to discuss with you further if you wish. 

@Ting Lai If you were not informed of the error until after the loss, then your agent is most likely at fault.Tell the agent you want to file a claim with the agents Errors and Omissions insurance policy.