But if you, as the owner, have the risk to property, loss of income, and more - that they will need to change their background check disclosure statement/policy - or you'll need to either do the screening through a third party provider and/or find a new PM.  

Both policies were Landlord cash value policies, which included liability and a total loss coverage of way more than $25k.

That will allow you to track profit and loss by property (which you need to do.)HOWEVER, as Patrick mentioned, you probably should separate the buy and hold properties from the flip properties in a separate legal entity(s).  

It is best to cut your losses and move on and properly screen your tenants in the future.  

So, your net "savings"(loss) is $-485/hr.Not real profitable...David J Dachtera"Success is not a destination.

Also keep in mind lenders don't like losses.

Non-real estate professionals are entitled to 25k of a loss with depreciation.

ok trying to figure out the limitations on the up to 25,000 loss on rental properties.  

This way I won't have interruption of the lease.Most successful people in this business, I know of don't increase the rent on Tenants living there - as long as they are paying rent.Turnover expenses and vacancies are huge losses......id sign 5 year lease any time.

Make sure your books are up to date and ready for reconciling, consider contributions to retirement accounts, section 179 expense, tax loss harvesting, etc.