The property in question does have to be completely closed by 10/4/21 -- otherwise we will lose the property and any capital in this deal to a tax deed sale. 

That said, I would need a real good positive spread and an intention to sell soon in order to spend $300 to lose money monthly.

You will lose unless you have deep pockets.

My lease says if they have unapproved animals on the property they lose their entire deposit. 

Your rent is in your account the 1st of each month, Section 8 inspects the house yearly, and tenants don't want to do anything that would cause them to lose their voucher.

Yes, it happens often….the person who buys at the HOA auction loses the property to the subsequent mtg foreclosure auction, along with all of their money.

I’ve met with the Housing folks here in my city, and I know how much cash I would lose on section 8 since the printed rate for a property like mine s**ks.

It's not as common with pipe that is sitting empty most of the time - like a straight up & down stack - as it is with pipe with tendency to have standing water, but either way the inside of the pipe loses its smoothness and has a tendency to "grab" more things.

Dominick,If your fear to lose money is greater than your desire to make money in RE then walk away.

Other people on these forums would slit their wrists if the unit failed to provide enough free cash flow and they could care less about principal reduction and appreciation.