Cut your losses and move on.

It's everything that comes after that especially with foreclosures, or worse, short sales: wading through seller specific documentation and the often times tedious website offer submission process, closings delayed due to title issues, repeated trips to the property for inspections, appraisals (if applicable...) etc and all the correspondence that goes along with that.I have left showings before actually glad the buyer had no interest in the property so I could cut my losses at that one showing and move on.  

It should be large enough to hurt if they walk away from it and it should cover a significant portion of your loss for holding it off the market.3.

Take the loss.  

"Newer" is good, too.I don't necessarily "need" the cash that's tied up in it but that is a big chunk of money I could potentially invest elsewhere (but without a known rate of return like I'd get on this place).I'd rent it, but I love cash flow, and that beats would could be a loss considering all of the time you've put in.The property is 2 hours from where I live so I need to find a property manager.Check with them on the rent and the candidate. 

Such as Vacancy, Credit losses (uncollected rent and skips), Pest control, legal, accounting, leasing.  

Fast forward to tax time / refinance time, my accountant is telling me that the profit from Kingsbury, was actually a loss associated with quit claiming Mayflower back to the sellers.

and profits and/or losses addressed.  

Each investor gets a K-1 showing 50% of the income/loss.  

There is what you give to your accountant that gets reported to the IRS on a tax return and then there is an actual Profit/Loss Statement.