If its in there you know, if its not in there you dont know and just have to eat the cost.Also how much are lawyers where you live?

I argued that if we just sit on it and it takes 5 years to sell (for example), that's taxes and possibly debt service costs eating away at our bank account every month until we offload it at (hopefully) more than we paid.  

Part of the reason is because the taxes are eating into your cash fIow. 

It is easy money to get but can eat your profit very quickly.

I look at the same as if you go out to eat and have a bad meal, do you stop eating?

I get why people back out, but we've decided as a business to eat the odd expense in an effort to maintain a good reputation. 

'Never Eat Alone' (not sure of author) This business is all about networking!

You have a lot of dead equity in the property eating more than $400 of your monthly income basically turning the property into a negative asset. 

Don't want to be eating cat food in retirement.Anyway, we think we might we ready to invest in real-estate, but the thought of debt has scared us.

I use a realtor/friend now, but I keep watching the commissions eat into profit, and opportunities to save some money myself on my purchases (since I would keep the commissions).