I'm sure by now many landlords showed goose eggs on their schedule E or whatever. 

Just have to eat up the costs.

So you would not use rental imcomen to qualify for a second home.Can't have your cake and eat it too.

An agreement was reached that in exchange for the keys I would not pursue past rent nor damage to the property and would provide some cash.Past due rent (2.5 months): $2,200.00Cash for Keys: $400.00Clean out: $375.00Damage repair: $480.00When added all up its a fairly large dollar amount I'll be forced to eat.

Most weekdays I feel like the only entertainment I get is watching a few YouTube videos while I eat.

Your first option is going to trigger a ton of taxes, and commissions paid to realtors upon sale are also going to eat a ton into your investment growth.As with any investment, it usually makes sense to keep your money there until a better investment opportunity shows itself.

The odor smells like eggs (which is the sulfur)  and the color is from the well (brownish color).

These little communities are almost self sustaining with multiple eating and shopping establishments.

The money costs will eat up your equity in a hurry.

You should eat the fee.