I stewed on this for a bit but found that it was tough to stomach being diluted 25% percent from the jump as a breakeven project would equal a significant loss of capital for myself.

So you may not be covered for a month's rent - don't count that chicken yet.4) Assuming you can hold them responsible for rent, you should still get the property turned as quickly as possible to avoid the vacancy loss.5) Determine the loss in physical damages, vacancy, etc. and send them a bill. 

You’re not alone on this journey, and there are so many people out there who are happy to share their experiences and help you succeed.You’ve got the drive and the vision, and that’s half the battle won.

So, that you may not be able to start the eviction process until the following month, but it was already mid month when you received it so, no significant loss of time there anyways.

the issue with sub 2 wrap goes deeper than just monetary loss.. your risking the people you bought the house from as well.. and I will say one more time.. if you buggar their credit because you cant refi if  gets called or cant make payments for them.. then this goes way past you lost a little money and it ends up with lawyer letters  complaints to the AG  etc etc..

House hacking right now in many areas will be at a loss, but less of a loss than owning something with no income coming in on it.

It can be challenging for 1-4 units depending on the property characteristics, your loss history/other rating factors, and location.

Stay hopeful, learn from both wins and losses, and get help from experts in law and money to move through the tricky parts of investing in property.

Areas that have been good 30 or 50 years ago are still good today.One wildcard though.The city of MKE has initiated a projected called GrowMilwaukee, which is based on the majors vision to increase population (for fiscal reasons, more people per square mile) and they have identified the lack of midrise mixed use districts - they call it the "missing middle".

He's not an accredited investor so he can't deduct losses on personal income.