No real loss as we didn't really want to use propane if we didn't have to.

Sell out, take the loss, and use that for another RE venture?

I know that electric heat is a bit more expensive than gas heat but considering that each unit is relatively small, the tenants would only need to heat about 2-3 small rooms each.Do you guys think that this is feasible?

Sole proprietors (one person owns all of the business) use Schedule C, Profit or Loss from Business.

In and out in a few months and I can cut my losses if things go south without having monthly reminders of a bad deal.Best of luck to you.

I am not sure what numbers or scenarios make sense to own property that one would prefer to take a loss year after year.

Should Lessee default on the rent payments of this rental, Lessee hereby authorizes landlord to lock out the Lessee and seize and/or sell Lessee’s property to offset any rent loss suffered by landlord, or agree to a judgment in favor of the landlord for the amount of the debt in addition to collection and legal costs.4.SUBLEASE AND ASSIGNMENT.

Bragg Pope has a huge military population, so the loss of a couple of units would not affect it as much as other smaller posts.

The loss of the $10k garage value is offset by the $30k gain.

Is it feasible to purchase turn-key properties with the amount of money I have saved for investing purposes?