They are expensive, but may be cheaper than the $60-100k loss you're projecting.https://en.wikipedia.org/wiki/Active_noise_control

I don’t think you have a loss here. 

You have $200k in equity but you’ll have a taxable LOSS after selling for $1M or even $1.05M. 

1) I think it’s “funny” that not one news article I ever read for the last 5 years had headlines like “Housing at historical record lows!

Negative cash flow and extended vacancy.RTR’s property management recommendations have been disappointingRTR team has been supportive and informative over the last 7 monthsAs a first time investor, I was thrilled to learn about RTR.

•Growing Appreciation Story – The city has been on a long-term revitalization trend, and we’ve seen steady price growth over the last decade.

I'm just trying to decide if the home is worth fixing and renting or do I just cut my losses and tear it down and use the property for other purposes.

Apparently, not only did they sell at a loss, I didn't get any money back at all and they claim I owe them an additional $40,000 for "renovations" despite no work being done to the building at all. 

Our private money investor had a total loss on a house fire a couple of years prior.

In this case, the LLC will file taxes as a pass-through entity, meaning the income or losses will be reported on your personal tax returns, and each partner will report their 50% share of the profits or losses on their respective individual tax returns.To make sure you’re doing things correctly, I recommend consulting with a CPA who specializes in real estate investments, as there may be strategies to mitigate tax liabilities or specific deductions you can claim related to the flip.