There's no reason to keep it unless you can't cover the debt with the proceeds, but you are only going to get 75% of the ARV on a refi, so if it's worth $140k (and @George P. is correct on the value), you will only get $105k on the Refie (minus fees/costs), so you wouldn't have enough to pay off the debt to begin with.It's always better to unload a losing deal before the additional future losses do too much damage.  

I estimate my opportunity loss to be very high so if they finish early and I have to pay more than my actual holding costs,mi still feel I am ahead as I have more opportunities out there in excess of said bonus.

The carpet was a complete loss as well.I'm no electrician, but I don't understand why the water spraying onto the walls did not get into the outlets and burn the house down.We had to take the entire basement out to the studs, and had to replace some of that too.  

Financial report showing profit/loss and balance sheet for every property for the month and year to date.2.

In this case, your passive rental losses are suspended and carried forward.

AIG just posted their loss for the 4th quarter….$61.7 billion!

Debt-to-income IS the main issue regardless of how it came about; health, job loss, divorce, bad tenants, etc.

Unless your income is under $100K and you only plan on a few properties, you can't take the passive loss.

Job loss?

I manage a condo on the coast where the HOA is made up of very affluent people who think nothing of completely redoing the landscaping every year because they're tired of the old colors, and then assessing everyone for the privilege.Speaking of assesments, how many condo owners here are familiar with loss assesment insurance?