@Troy F. speaking from experience as a licensed real estate broker in Iowa and in the Cedar Rapids MLS, the Cedar Rapids purchase agreement specifically calls out a clause if the property is a rental property (Y or N).

Friends wanted to rent it and so we did and they always paid on time.

Unfortunately, the septic company is taking their time, and I’m still waiting for the replacement to be completed.

I enjoy owning it.Do you invest in real estate to make a profit or solely for the enjoyment? 

For investors who lack knowledge and/or time, want to own physical real estate as part of their portfolio, and want to be as passive as possible on the real estate side of the investment, we've created a great route.  

To give you some hope, in the mean time of your RE losses, many of us are doing very well. 

I've been speculating the markets in the Midwest for some time now and recently decided to make a post on BP to attain more insights from people who live & invest in these markets.

Wholesalers network and post deals there most of the time.

It will take time, but they are out there.

Plus managing tenants is a bit more time consuming with this model.