Is it going to appreciate at 5.7% long term when adjusted long term appreciation is 3.7%.

If so, ask if an adjustment can be made to the door so it doesn't engage loudly.

Then, Call or write your creditors that you may have any late payments with and ask for a 'goodwill adjustment'.

Then you can adjust accordingly.

It's also hard to find appropriate investor risk adjusted returns on new development relative to value add opportunities.

The government failure to identify these changes and adjust the SS accordingly is where I have an issueYour suggestion about investing your SS in real estate while interesting is not really practical.  

You need to adjust your expectations about this business.

He said that he doesn't have insurance on the property so no property adjusters have been out there.

See what they gravitate toward and adjust the offer accordingly to their underlying interests.

So, in fact, your rental gave you 2.1K  (1K in cash flow, and 1.125K in tax savings from other income).Of course, this is actually more complicated as the income above is the AGI - adjusted gross income = an individual's total gross income minus specific deductions, the tax % corresponds to your tax bracket, the deduction applies to 100K income, gets prorated up to 150K and then you can't use it (if you make more than 150K AGI, you'll not be able to deduct the rental losses...unless...and there is layer after layer of complexity).So, yes, depending on a carefully alignment of stars, you can have negative cash flow and, due to your specific tax situation, end up saving money.