I pay the bills, run financials and projections.

Once you get that, sign it and send it back, then request their financials and documents pertaining to the sale. 

You are in a fine spot financially, at least from what you shared.

Stessa's reports are great, but the sync issues with financial institutions drive me nuts.

What are some ideas should i explore so that I can minimize the financial loss in this situation especially given I cannot refinance even if the rates were 0% as my property value won't appraise.

I don't have any of their financials yet but expect that they ran solidly for years with a knock from covid.

@Vincent DeLucia check out our website where we have the entire Metro Detroit area listed by Property Class and the 183 Detroit Neighborhoods.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Talk w/ each tenant, work with them if necessary on an increase schedule that won't cause them a financial hardship but helps you achieve the increase.

I’m beginning my journey into real estate investing with the goal like many of you of generating passive income and discovering financial freedom without having to rely on a “day-job” for much longer, so I can travel more and spend more time with my young kids/family.

My recommendation for newbies is to start by setting financial goals and educating yourself.