Hi Randall-Congratulations on buying a rental property well back in 2020.I am sorry to hear the property is now cashflow negative $200 a month.Your question is should you sell or continue to keep it with the negative cashflow.Depends on your personal goals and if being negative $200 a month plus any unexpected repairs or vacancies is affordable to you, but if you can solve the negative cashflow by turning the property into a furnished mid-term rental, for example, your future self may thank you.To Your Success!

I did ask that Dmitri send me some example properties that had already been sold or more information that I could use to continue my research.

I think OTA competition encourages the OTAs to pay for guest damages.i continue to advocate for being listed on multiple OTAs.Best wishes

End of rant - continue!

I continued paying what I had paid before, with the additional money purely going to principal.The recast to a lower amount was purely to reduce my committed monthly payment to a point that I could get my property to cash flow if I had to move out (job loss, etc).

Tenant took photos and videos but nothing detailed - a single shot or two of a room from the entrance, so is saying fridge was fine, normal wear etc Next - If we are being nice and deducting ‘portions’ of the charges and tenant continues to grind away, or this goes to court, do the compromise and smaller amounts offered negate the full amounts that could have been charged

I’m still young and plan on continuing to put all my money in real estate for the next 10-15 years.

So talk to your bank and insurer before continuing. 

While James was on here continuing to bash me and others, acting like some special kinda crayon my agent was working with title. 

With a $950 mortgage and rental rates around $1,500, you’d have strong cash flow and continue growing your wealth.