With enough properties, the savings could justify quarterly visits for inspections and lump-sum repairs.Best of luck and I really hope things work out for you. 

There will always be another deal if it does not work out.  

Hey all,I'm seeking some advice/input to help me work out what's next for me.

Also, even though rents are high in Memphis it is very difficult to get the rents to work out to 2%.

I guess letting people steal whatever they wanted whenever they wanted didn't work out too well.

I'm using my workout time to educate myself daily and feel overwhelmed, but excited to get going.

Aside from a couple texts and emails, my tenant has ignored all attempts at communication even though I offered to work out a rent deferral or reduction plan at the beginning of the pandemic if needed. 

Yes, EVERYTHING would have been better if they had communicated and scheduled thing better, but if you focus on what YOU can do at each step things will work out better.

How would that work out on taxes if I’m the one that owns it, but they’re the ones they get the benefit from it?

We rightly point out that an investment not meeting target returns does not necessarily indicate fraud; that any investment outside of US treasury bills is a RISK and a percentage of investments don't and won't work out as anticipated; and that leveraged real property investments are higher on the risk scale than a lot of other investments. 2.