But, if they don't have some sort of formal training/experience within the industry hiring them is a terrible idea (from what I've heard).Just to put this into perspective, all of our bookkeepers are U.S.

try Jumping on Pace MOrby s  facebook all sorts of beginners there.. probably most will be dead ends IE all hat no cattle but you never know at least your all like minded.

"In the long run, rebuilding efforts boost both home values and rent costs, which can prompt “changes in sort of the social fabric of the community.”"

I would then need to bring $85,000 + closing fees to closing which seems like the worst case scenario Is there an option I'm missing???

@Alexander Phillipslike the others i am struggling because while i sympathize with you, none of this is really adding up...i'm also worried about what you putting "full trust" in your mentor means.sounds like you need to print a copy of your contract out, read it, get out to the site in person, and sort this out. 

Real estate investments can be great so hopefully you can apply what you've learned here so that if you decide to try it again you'll get a better outcome.I think what may have went wrong here is you invested in real estate at the wrong time, and with the wrong operator (syndicator), and perhaps didn't have the expertise to sort either of those two factors out.  

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

You can even create a balance sheet if you want to get crazy.I definitely recommend scanning all of your documents associated with the rental using a free app like Genius Scan and get those into some sort of digital document management platform such as Google Drive, Dropbox, etc.

Whether that becomes some sort of Stock/ETF investment or you use it for real estate investing when you have saved enough for a down payment is up to you.

Be prepared to go though an eviction as a worst case scenario