I hope Mario can mitigage his losses by selling the property quickly to stop the bleeding, or re-tenant and refinance to less expensive debt but this serves as a case study on the perils of investing in lower tier neighborhoods.The amount of people on the internet and social media selling the false narrative of how easy it is to create wealth through investing in real estate, specifically these lower tier neighborhoods is upsetting. 

Members of varying degrees of experience will make different assumptions on this hypothetical question.For the fun of the thread, thus far assuming approaching 65 (ready to retire) after having worked... so I will also assume there is a sizeable Social Security payment on the way.

#1 I agree with others, don't compare your progress with social media posts.

As long as you're not an anti-social psychopath, whatever your answer to that question is, is probably an okay place to buy.From there, we can run some numbers, make sure we're not missing anything, but in the end most decisions are actually pretty simple. 

Hey Jonah - I hear interesting things about Fello as well as some social media automation tools for audience building. 

Also, having an "Instagrammable moment" like a mural with your own hashtag on it as a focal point makes the social media game much more intuitive for your guests.For those with retreat properties who need to hunt down event clients, I'm hearing great things about South African VAs for outside sales. 

I have been a Landlord, Realtor, Flipper, Broker, Entrepreneur for 20+ years now. 

I am a investor and newly licensed realtor. also looking to expand my social circle.

I spoke with my attorney for eviction. but my brother who use to work debt and bill collection told me if this tenant is on social security and works under the table at a job I can't garnish his wages because disability and social security are protected which I find ridiculous since he has been living for free guess these deadbeats know the system so well to get away with things.

Lately, on his social media account he's been letting on where the markets are, that these deals can be found.