@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.

They constantly obstructed the man and then sued me for all kinds of outrageous stuff including loss of use of the lawn, loss of use of the pool, etc.

If you buy, it must cash-flow from day one.Running the numbers on what you provided (even though I dont think its possible)$170k purchase - $10k down = $160k mortgage @ 13% = $1770/mo + $145/mo HOA = $1915/mo.Using the 50% rule (50% of rents will go to expenses not including PI)$2000 rent x 50% = $1000$1000 - $1915 = -$915/mo x 12 = -$10,980 per yearAppreciation of 6% on $170k = $10,200Total if everything works out as you described = a loss of $780 for all of your efforts.

I am intending this as a buy and hold, but want to be able to get out and sell the house without a loss if I need to as another exit strategy.

Had a house that was empty for 15 years and had food in frig.Basements in areas with high water table and sump pumps deactivated by the lack of electricity can be a big problem.