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. 

Look for up-and-coming neighborhoods, study market trends, and network with other investors for advice and insights.

Totally agree with Greg's advice above with regard to studying your lease clauses and challenging anything that doesn't seem right. 

A little over a year ago, I wrote a post that received over 10k views. Based on the popularity of the post, I thought it might be worth posting an update, especially because the outcome is quite ironic! Before, I get ...

I honestly learned th most from studying them in my market.

Study up.CRITICALLY IMPORTANT: Screen the tenants thoroughly.

A new study released by the Bank of America Institute states Columbus is the fastest-growing city in the US - https://www.nbc4i.com/news/local-news/columbus/study-names-c...

Currently I'm studying for my CFP exam but I am still finding time to practice some of the basics like property analysis and even from the financial planning side trying to do some extra study on financial planning for real estate investors.

Great savings from your cost segregation study!

During periods of high inflation some studies show average real estate investment returns as high as 9.5%This is supported by recent and current inflationary conditions.