The tenant was unable to fulfill their obligations.

I have been able to take my real estate portfolio to a level in which i really didn't think possible and educate myself on so many things not only in real estate but in creating wealth throughout the power of networking with others that have experience and proven track records in other types of businesses.

Just to give you an education on the market -  the price of a good investment home in Phoenix is around $400K. 

Build a strong team with experienced lenders, real estate agents, and property managers, and educate yourself through books and podcasts.

But it would be good if you understand how this is done just for your education etc.  

I’m also an active member of the local landlord association in Joliet (JRLA), which has been a great resource for networking and education.

The less you "do" the more you have time to educate others.  

Pull your tenant-landlord laws for your area and arm yourself with as much education as you can about being a first time landlord. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I will need to educate myself on house hacking and co-living.