Zoned SFH and very common setup I am seeing these days.

These LOCs are typically interest only and adjustable rate, which of course is planned for, again with the equity and the cash flow of the investment, it shouldnt be a problem to at the very least break even, even in the worst of scenarios.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

I’ve never had this specific issue but mistakes like this are pretty common. 

This actually seems like a great scenario for a 1031 exchange based on what you've said.

I’m looking for mentorship from other investors in this forum to help me identify deals, help avoid common pitfalls and learn from failures. 

I never used a tax pro because extensions are so common. 

Also, there’s much to delve into on of those scenarios, like what type of cashflow or investment do you want, etc. residential, multi-res, small multi-res, commercial, industrial, etc.There seems to be fewer deals around these days and this typically benefits the more experienced and skilled investors but there are always multiple investors that get “tripped-up” in these markets due to them relying on recent “fortunate” market circumstances only to realize the markets cycle and they weren’t prepared or didn’t underwrite properly to account for unforeseen potential.There are more considerations, but this is a start.

As a Mexican real estate agent living in Canada and with a presence in the United States, one of the most common questions I hear in the investor community is: "Can foreigners buy real estate in Mexico?"

I would run a few different scenarios that I had confidence in and as you run the numbers, they should tell you what makes the most sense for you.