If you knowingly rented a home with a small backyard to a tenant with a dog, regardless the size of the dog, wear and tear is going to come into play.  

My Mentors & a few of the lessons taught:- Age 0-13: My Father - Integrity, Faith, How to Love & **How to Play Spades**- Age 13-17: Coach Jones - Commitment & Grit- Age 17-20: Coach Larkins - The Value in Reading & How to Think Bigger- Age 21-24: Sean Myers - Never Stop LearningHow important has mentorship been for you?

If you have props with kids and you did not pass your led test you are playing with fire.

I wish it wasn't, but SEO is a long play.

You can create all kinds of leverage for yourself as a buyer if you play your cards right. 

If you are looking for properties, and find a good deal, you can sell it, and make a commission, and 2nd bonus is you make investor friends so when its time for you to invest you have partners.

I'm definitely the "play it safe" type, which is why the buy-and-hold strategy appeals to me, and because this is all new to me I want to "start off slow", but I am open to hearing thoughts on other options I could consider as well.Put simply, if you were in my shoes, what would you do with that capital and now with one property under your name (if buy-and-hold is the most appealing strategy to you)?

You'll have to pay rent regardless, so you need to consider that you would already have that expense, along with the fact that you'll get the benefits of principal paydown and asset appreciation (especially by leveraging).Acquire the asset and perhaps focus on something you can add value to, then you'll have a 100-200K equity chunk to play with in a few years when the market accelerates again.

After that, you know the process and can actually make it worth your while to pursue collectable tenants for the money they owe you.The alternate option with the PM is to first threaten them with reporting to the Real Estate Commission and then if they don't play ball actually report them to the commission.

I mostly look at it as a long term play, but that somewhat depends upon the location in Nicaragua.