But you'll stop the bleeding.

I'm a firm believer that homeowners who can't keep their home need to stop the bleeding and rebuild their lives as soon as possible.

@Jake LassieYou as the managing-member should work towards stopping the cash bleed, whether that involve selling at a discount or turning the properties into rentals if the numbers work. 

The idea that it's bleed money and pray for appreciation, or roll in cash flow but have flat values is wrong. 

It's the fastest way close a bleeding wound

Now, there are a couple of options hereStop the bleeding: If you sell today, are you able to walk away without bringing any more of your money to closing?

This may be true but the lack of experience bleeds through when rehab costs are grossly incorrect because of lack of education on what it takes to rehab a home, apartment, etc.

#s may look good today, but you might bleed out slowly next 5-10 years.Something to consider depending on your life situation (e.g. busy professional/w2 worker who may find better returns climbing up the corporate ladder while creating this on the side).

Finding that prime mix-use location that is at the bleeding edge of where the residential and commercial meet and is a desired location for BOTH is getting harder and harder.

Stop the bleeding sooner and reduce stress in your life and in my experience still cost less than months of non payment during eviction process, legal fees, possible intentional property damage, and a judgement against someone with no assets and probably little/no income.