The little guy with $5k to invest and financially clueless will accept higher risk, lower returns .  

@Lavette Reid Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I'm not a financial advisor but I don't see how accruing more debt is going to help your situation.

Many agents will walk you thru that so you don't have huge financial surprises a year from now.#4.

I am too busy to hear about the latest unit that got broken into and stripped.. or the latest drama of tenant who cant or wont pay either their total rent or their portion of the rent after the section 8 payment. and then the constant turn over and cost associated with turnover.. the Investors buying these are not C and D class folks like the tenants that are going to occupy their props so they really have very little clue about how those folks live their life and on the razor sharp edge they are financially.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I want to get into the commercial side but i understand I have to start with residential to work my way upGoing bigger with a 4-plex could be a smart move if you have the financial stability and confidence to handle the extra management responsibilities.

Is he going through a financial difficulty and that is why he is late with the payment?

Prioritize your financial stability.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.