And probably take a loss if you fail to make all payments and refinance before the balloon.

“Core” inflation (excluding food and energy) also slowed to 3% annually, thanks largely to easing shelter costs, which make up over a third of the CPI calculation.📊 Bottom line: This is exactly the type of report the Fed wants to see before lowering rates again.

LOSSES) results.  

I’ve been in contact with the Better Business Bureau about them  cut your losses and go the other way. 

The bank may find out when you try to get insurance to match and the loss payee itemizes who is covered.

Free entry and free food and drinks.

If you or your spouse materially participate in managing it (which it sounds like you do), you may also be able to use the losses against your W2 income, which can make a big difference at tax time.If cash flow still feels tight, you might consider shifting part of the year to a mid-term rental model (30–90 day stays).

And this explains, by the way, why it is pointless for rental properties: no services provided, and we typically show losses rather than income.With a profitable business, you will have TWO, not one, taxes to pay.

If average stays are under seven days and you materially participate, losses from that unit including depreciation can offset W2 income.

For vacancy/ loss  I am using 5-8% depending on exact location because that is about how long it takes to fill a unit in my market (3-5 weeks).