We lost money.

Luckily I was able to convert a portion of the front lawn into an additional parking for not a lot of money, but I had initially failed to account for this inconvenience - lesson learned.  

We make more money on nasty value add properties.  

I've had the same question and have had countless house hackers describe to me why house hacking is a successful strategy even if you don't make money while you're occupying one of the units. 

It you think you can re-rent it in three months, then let her pay 4 or 5 months rent to buy out of it, with part of that being a credit for the security deposit money, assuming there are no damage deductions. 

I can definitely say that while the bigger fire we had was a pain... it actually worked out really well... in the end we had a much improved property, and we stepped in and did as much of the work we could do ourselves that the insurance company was compensating us at  'retail' rates for... like painting, and replacing cabinets, and other simple tasks.  

Now my lender are debating if I have to rebuild the structure completely with the insurance money.

It's one thing to be prepared, it's another to actually worry about it.2.

Even if you have little or no money - you can get started doing rental arbitrage or co-hosting.

They use this money to fund future FHA loans.