As far as an actual project learning the steps of due diligence of the potential project,, feasibility, present and future value all would be included in business plan for specific projects.  

Sell it at a loss, you are further ahead moving on as opposed to continuing to carry the cost.

But you'd still need some reserves to cover updates and the potential loss of income if the other tenant vacates. 

If I can get my Lendingclub investment back without a loss, I will be happy. 

All your investment income and expenses will be reported on your partnership tax return and a Schedule K-1 will tell you how much of the partnership income (loss) to report on your personal 1040 (line 17).  

If you did everything right and retailed it, that number minus your repairs and acquisition will be your profit (or loss). 

I made an error in the beginning researching the going rates for rent and have been taking a loss every year for the past nine years.

Here are the two analyses: Initial Investment Purchase Price $89,000.00 Closing Costs $2,225.00 Renovation Costs(allegedly turn key) $3,000.00 Total Investment Costs $94,225.00 Financing Costs Down Payment (%) 20.00% Down Payment ($) $17,800.00 Mortgage Balance $71,200.00 Annual Interest Rate 4.00% Loan Term (months) 360 Total Invested Capital $23,025.00 Fixed Monthly Operating Expenses P&I $339.92 Financing Charges $0.00 Administration Fees $12.50 Property Taxes $197.08 Homeowners Insurance $111.86 HOA Fees $0.00 Fixed Monthly Total Costs $661.36 Variable Monthly Operating Expenses Property Management $157.50 Advertisements/Referrals $65.63 Vacancy & Collection Losses $131.25 Capital Expenditures Replacement Fund $50.00 General Maintenance Fund $50.00 Temporary Utilities $10.00 Pest Control (Optional) $0.00 Lawn Care (Optional) $0.00 Total Variable Expenses $464.38 Total Monthly Expenses $1,125.74 Annual Operating Expenses $13,508.86 Operating Income Monthly Market Rent $1,575.00 Annual Gross Revenue $18,900.00 Monthly Profit (or Loss) $449.26 Annual Net Profit (or Loss) $5,391.14I present to you such a thorough analysis in the attempt to make sure I'm not making any glaring mistakes!

Bear in mind that the intent of insurance is to bring you back to the place you were before the loss occurred.

Do you think that's feasible?