There are too many lenders in the HML space, this recession needs to hurry up and hit so the swamp can be drained.

Stop digging yourself deeper, hit the reset and sell while you still some control and options.

He's of the idea that you can just put a little bit into retirement and work at the same job forever and retire as soon as you hit 65 and live completely fine (he started a career very late, we will never have enough in 401k to support us unless he works until 75, which is not gonna happen). 

Hello all, I am a new member to the forum from Northern New Jersey.

If it's really that big of a deal, do $50/mo for the next 6-months so it's not as big of an immediate hit on the tenant.

Generally, the cheapest properties in an area increase the most, and the most expensive places take the biggest hit when prices come down. 

Find a diplomatic way to have them cancel on their end so you don’t get hit for it.

I will say that once you hit 4 units in Boston I've heard you're supposed to install a sprinkler system, which is fairly costly.

@Mel Cosio any hits on this? 

There are a ton of other flips that are hitting the market and should help my comp.Working backward - I like to take a conservative approach to numbers.170*.7 = 119,000170*.75 = 127,500I have 76k in the property and need a reno of 43-51k.