I would speak to lawyer and let them review the agreement maybe can do a class action and sue personally the managers if fraud.

My suggestion is to buy a property worth more than $1M since anything cheaper for 4-plex will not be high quality.

Again, you market should dictate how you interact with tenants but generally speaking partial rent payments shouldn't be reasonable.

Dave Stech speaks on a number of RE podcasts, many times on MC Laubscher's Cash Flow Ninja podcast (one recently #848 on September 16, 2024). 

Then speak with property managers and/or Realtors who specialize in STR.I happen to be both in my local market of Tampa, FL. 

Generally speaking, if you borrow money at 7% interest and your investment is earning a 10% return, 10% - 7% = 3% and you are not growing faster than inflation.

I can only speak to the Texas market, where malls that focus on creating consumer experiences (coffee shops, kids play area, entertainment-based tenants) are still performing well even in this age of online shopping.  

You get so much wealth and start getting older you enjoy the business but focus on quality of life more and memories. 

♦How can I apply to speak at BPCON2025?

Recommend:1) Speaking with a landlord-tenant attorney about your options2) Keeping an eye on the property -> ask your old neighbors to do so if you are too far away.3) Try to do a surprise visit to catch who else may be staying there.