I'm not sure what we're going to do about pulling equity out now that the economy is in the situation that it's in, so I thought I would post an update anyway.When the tenant went to move in, the property manager found that the (brand new) A/C condenser had been stolen.

Not sure which it is, but I'll tell you what I would doGet very specific #1 Buy Bitcoin#2 Find distressed multi family with cosmetic requirements.

I ended up reporting it to ABB and turning it over to the police in case it was stolen or used in a nefarious way. 

We ended up having squatters in one unit because a window AC got stolen and they did not close the hole.

If you are an owner or real estate investor yourself, you of course can appreciate the value of having transparency into material costs, including but not limited to:#1: You get to see where materials are from (sometimes tells you something about their quality, whether or not they're stolen or re-purposed, and of course, if the angel of a contractor is not marking them up 200%+)#2: You get to negotiate on what's SUPPOSED to be the 'value-add' of what a contractor is offering: their time and supposed experience/skill-set. 

The money is stolen property and was fraudulently received by the landlord.It doesn't matter if you were aware. 

Only two cell phones were stolen and there were noticeable forced entry on a side door that has since been further secured.  

Police cleared the house and let us in.There were a bunch of stolen bicycles and hand tools in the house, a cup of hot coffee on the table, dirty dishes in the sink, all the trash in the trash can, no signs of alcohol consumption, bag of marijuana on the table. 

I'm also just getting started and that makes me feel like I should be more hands on with my investments.10k houses in Baltimore either Needs a gut job reno, or you are in an area where your hvac units, or wiring etc can be stolen any minute .

As a result, when reality hits, then driveby investor go to another seminar for BitCoin OR Amazon Reseller program looking for the next high energy boost.Rule 2: Real Estate Investing journey takes a little while to really start seeing fantastic results and yes you will meet some failures along the way.