You will lose rent, you will probably incur additional charges for the eviction, and you'll likely incur losses due to cleaning and repairs.

For me, the last things I want to lose are my personal belongings. 

As far as golf goes, I measure my games in how many balls I lose in the desert but I’m always ready to have an adult beverage on the front 9 and back 9.

"Losing" money on a home may make (save) you money in taxes. 

There’s a lot of money to gain in real estate and a lot of money to lose so don’t be dumb .

So for sure if your leveraging C class rentals by all means they better cash flow other wise you will go under pretty quickly as they tend to be non liquid or you will lose money if you do liquidate as other investors are your only exit and they look at these the way all investors do.. with locals looking at them that much harder.

We bought a 5.5 million retail center in Texas and are now looking up to 7 million for the next one.Retail NNN STNL or MTNL you can get passive at for quality at about the 1.5 million purchase price or higher whereas multifamily you are looking at about 80 to 100 units and quality about 75k a door or more so about 6 to 7 million in price to be more hands off with management in place and layers of repair people.Syndication you can diversify but you lose control and are sharing returns with the sponsor.

Sounds like he's treating it as a qualified joint venture. 

We had nothing to lose negotiating a lower price, so we should have gone down that road.

A 50k property at 500/mo rent will likely lose money every month.