So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Evaluate the situation to see if you could have done anything differently to mitigate the loss and implement changes to your processes, but know that this happens and hoepfully just not too close together. 

I have 9 properties in 2 states and 3 different counties.

In our area we have 3 different HUD agencies that provide vouchers to qualifying tenants.  

@Greg O'Brien - Do you mind sharing your company details? 

there ya go another Utah based fullfilment and education company. 

Plus, there's huge appreciation potential here since there's so many companies moving/developing here (Intel headquarters, Amazon, FB, Google, Nationwide, and recently Anduril).

This is a pretty critical difference.

REAL Estate in any form takes capital.. don't let anyone tell you different 

You are basically doing a flip first, which requires a whole different set of skills.)So, with $50k revenue, if you hire a PM, they charge 20%, so you give up $10k right away.