Deduct out the owner benefit, depreciation etc...

A lot of my clients have gotten stuck with major loan payoffs if they decide to sell their homes as they really don't add any equity here and most buyers don't want to take on the additional loan, some have had their home owners insurance drop them, and like you, they ended up costing more then just paying your electric bill. 

Who knows.Another option would be to buy a small parcel and slowly build a house with/for him and pull owner permits.

Search property data for properties with high equity & perhaps out of area owners or elderly owners & contact them to introduce yourself as a local hoping to find another rental property.

Sometimes this failure isn't the borrower's fault - like market fluctuations, seller remorse, or flaky GC who isn't showing up on the job site.

The current owners gutted the inside down to the support walls.

There would be room for about 10 tent sites that would allow use without seeing anyone else. 

I will just have to learn how to balance that with hiring contractors to keep the ball moving quicklyMost good Contractors do not like when the owner does some of the project and gives them the rest.

NY is working towards capping permit fees at $1,000 to relieve the financial burden and encourage property owners to convert basement apartments legally.Two years ago, the city launched a pilot program to award 15 winners grant funding to support legal ADU conversions.

I  send out drip campaigns and also auto pull property vitals, financials and current owner info based on my integrations.