I think I'm going to give my "S" to my operations manager and just keep the Y and the truck. 

Remember, C/D located properties generally appraise once improved for significantly more than they will actually sell in an arms length transaction so you can go to many C/D neighborhoods, successfully complete the BRRRR method but deal with  all of the operational difficulties of the asset class and then fail to achieve a sale figure remotely close to the favorable appraisal  that allowed for the proceeds to be returned through the refinance. 

Real estate investments can be great so hopefully you can apply what you've learned here so that if you decide to try it again you'll get a better outcome.I think what may have went wrong here is you invested in real estate at the wrong time, and with the wrong operator (syndicator), and perhaps didn't have the expertise to sort either of those two factors out.  

I am a short term rental owner / operator and manage some properties for clients. 

The downside of this may be high turnover rates.The real estate agents and property managers operating in this zip code, may have more to say on this. 

•It’s important to know if you’ll have a dedicated manager or work with a team to ensure there’s clear communication at all times.These questions will give you a solid understanding of how they operate and if they’ll be a good fit for your portfolio.Best of luck lining up the right PM team!

Building a scalable real estate business requires developing a foundation that can grow efficiently without exponentially increasing operational costs.

I run a virtual assistant company that does cold calling for Real Estate, PowerISA.

Prop 13 virtually fixes the property tax.  

Our property manager mentioned that they cannot collect rental income for one property and divide it between multiple SSNs.Here’s their suggestion: "They are operating a business, and the IRS considers it a partnership.