Most of the "loss" is the depreciation cost
Majority of the $25,000 is from depreciation cost, which is not a real loss. The payment for mortgage almost cancels out with the rent income. Of course we also lost some money with the crashing housing market, but that's a different story (a sad one of course).
Majority of the $25,000 is from depreciation cost, which is not a real loss. The payment for mortgage almost cancels out with the rent income. Of course we also lost some money with the crashing housing market, but that's a different story (a sad one of course).
Originally posted by noppenbd
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