Pass on Water and Sewer onto the tenants to minimize your costs. 

She can always sell and take some loss but that's better than foreclosure I guess

**UPDATE** So I asked the PM to cancel the contract and they complied with minimal fanfare.

And meanwhile, the other side wants to minimize the goodwill portion and maximize the land/building if they're doing a 1031. 

I feel that there could be a possible dip in the economy, and in the Housing market and just wanted to know if there were some ways you can minimize risk when purchasing in times like these?

My 1/3 show a -$805 loss in box #2, and also shows a +$4200 in box #19 (distributions).

I hadn't been considering depreciation, the furniture depreciation, or the $25k safe harbor rental income and ability to deduct losses if a professional.

Just my 2 cents, but I think if you minimize your expenses and bill them back you'd be upwards of $250/mo or so which is much better than $170/mo.

I have considered reinvesting in my business and myself but I want to lower my taxes and be able to produce income while not working or minimal work ( maybe 20-25 hours a week ) .

Vacancy/collection loss should be estimated based on market information.