.)* Say sorry, lose the deal / get* Fix it, write it off, and stop paying the holding costs* Negotiate to fix their most critical issues~~~Random Thoughts From a buyer's perspective-- as people above mentioned, newer buyers tend to want a flip property that's PERFECT and have a hard time wrapping their head around blowing through savings and then ALSO having to fix it further... 

Also, if you don't want to pay for an attorney to set up you LLC's you can do it yourself and use a registered agent service.

Why not just finance at purchase instead of paying double closing costs for a refinance? 

You get what you pay for.

I heard the multifamily space is "Pay to Play".

There are a lot of tenants paying below market rent.

Also, even though we make negative cash flow, since its big house and income from house is a lot we had to pay more taxes. 

I am looking for some feedback on paying off a rental property.

Now you need to figure out how to find deals and pay for them.

Also any cost that I may need to consider to pay upfront other than the land it self (i.e. survey, permits, etc)?