Anyone investing in real estate needs to be prepared for that.It sounds like this investor was able to make significant progress with this tenant to get caught up.

Happy Thanksgiving to the BiggerPockets community!I am looking for feedback on what to do next with my real-estate portfolio.Current situation: - We have 5 rentals properties spread across Tulsa & Florida (9 doors...

A popular strategy I've seen work is to scale with properties in the C locations and then slowly upgrade your portfolio into the nicer asset classes as you progress and become more cash flow heavy. 

But it's gotten progressively worse, now the only time he's passed on any rent to us is when we've threatened to report him to the Board of Realtors.

Quote from @Tyson Holt: @Melissa Thompson, would love to hear any updates as your deal progresses.  

Ensure they send pictures and reports so you can monitor progress.4.Hire Trusted Contractors: Work only with contractors who come highly recommended by people you trust.

that will dictate the highest and best use for sure.Whatever you do with it I'd document it because people like seeing the progress when they are sitting in the final project all nice and complete.

I’ve found that working with someone who’s local and understands the market dynamics can really help avoid costly mistakes.Keep us posted on your progress—I’m sure others here would love to learn from your journey too.

That was enlightening information as his customer relations department has refused to provide any yardstick or timeline on redemption progress. 

Thanks for reading and I look forward to posting weekly progress on here.