Quote from @Jon K.: Quote from @James Wise: @Joe Splitrock I'm coming for you bro. #5 will be mine shortly. 

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Quote from @Susan Owen: Quote from @Steve K.: I would limit my losses by selling, unless the property is in a location where rents and values are increasing rapidly?

The Home Inspector report revealed major deficiencies in the rehab and the Home Inspector told me that the rehab was like “putting lipstick on a pig”.

If below 1.5, will likely to keep renting out with main house and ADU separately, around 7 k/mo.If I sell it, will likely just pay the long term capital gain tax.Quote from @Wilson Lau: Competition is definitely high on the buy side, and I see more and more buyers coming in as we approach the summer season.

Quote from @Steve K.: Quote from @Taylor I.: His plan is to give all the tenants 30 days notice to raise the rent more than 10% to get to positive and if the tenants don’t agree, they’ll need to move out and he’ll find new tenants who are willing to pay.

Annually, the Management LLC would "distribute" to the Property LLCs, but it would all flow thru to your 1040 Schedule E - unless you get partners, which would require a 1065 return with K-1 distributions to the partners.

Quote from @Jim K.: @Alecia LovelessOne thing I'd like to add to the discussion is that the drawbacks to having a tenant like this in an 8-unit usually far outweigh the advantages of getting rid of them quickly and effectively.

@Dale K Poyser After doing further digging, I noticed that my neighbor's duplex (same size, condition) is still on old assessment and it wasn't updated but mine was.

Thanks for those kind words @Steve K..