However it does not change the fact that the information you are spreading is rather misleading.Wet and dry flood proofing does have it's place, and at times, can be an effective loss mitigation tool.

For the last two years we've been profitable but offset it with accrued losses.

New windows (R-3) could improve that loss to only $72 ($1200 * 6%) ..... a savings of $168 / year.How many years will it take to "payoff" the new windows at $168/year?

With this current market they tend to be willing to take less.Contact the bank's loss mitigation department.However I would not mess around with lease optioning back to the seller.

You're taking a monthly loss.

All investing involves risk of loss of some or all principal invested.

Cost, time, loss of control.If Mom has no heirs or heirs have great income she can live in the house and get in home care (cost maybe $6000- 8000 in California but can she stay in place until she dies, does family want this?)

This approach allowed me to take advantage of passive activity losses and the 8582 form, which is crucial for accredited investors investing in private placements.

Economic losses associated with tenants will be lower.In this case I'll believe you enough to at least look at your numbers.If you are renting 60'es sticks or older for $700-$800 or less, there's just no money there.

Sorry for your loss, really.