I believe we will have to get the tenants on new contracts.I haven't been to the area, but I did decide to put full trust into my mentor and the #s still cash flow, although I'm putting in more significant starting cash than I had ever planned on.I'm fortunate to have a decent W-2, and going forward I realize I really have to take full responsibility for the loan and be my own best advocate for the interest rate.  

I am also fortunate to have purchased a marginal deal in a good market and will be ok in the end.

I am fortunate to not have had tenant turnover yet and I PM my own four-plex and single family rental.

And, many of the RE millionaires I know have made their fortunes by buying essentially flat cash flow properties and then having them fully paid off in 15 years not counting the appreciation.

Your accountants will love you and hate you as they love you because they will charge you a fortune but despise you when you do not put money in and out properly. 

Hello All, I am analyzing my deal and here are the detailsSmall Town , Couple of big Manufacturing plants and HQ for 1 of the fortune 500 Client.

I have flipped a few houses during covid and remote working times and was fortunate enough to grow up in a family of real estate investors and entrepreneurs which has provided me mentors and exposure to starting and operating a business.I am thinking of starting my own construction/development company in a few years time and wanted to hear some opinions from people who have done it who are outside of my circle.

Some of the main reasons I started this journey is so I can eventually take my family on trips to experience different cultures, help less fortunate people, and build generational wealth. 

Yes, those homes will appreciate back and investors will make a fortune out of the disaster.

Remember, the FORTUNE IS IN THE FOLLOW UP.