If AHP does not return his capital then he's made an interest-free loan to them and not even collected his principal balance back.

Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

I created an LLC to collect rent and manage any expenses related to the property. 

I don't rent furnished and others may be able to point out where this is flawed, but I would consider renting the furniture SEPARATE of the unit because that may allow you to collect a deposit on the furniture.

Way to many investors were buying properties for more then they were worth with hopes of collecting MUCH MORE than market rent.

Over the past decade, Columbus has attracted substantial investment from tech giants like Intel, Google, Amazon, and Facebook, which have collectively committed over $50 billion to developing data centers and semiconductor manufacturing facilities in the area.

This is the 2ND month the same problem is happening now, we have been with Appfolio for more than 5 years and have about 60 - 80 units collecting rental income through Appfolio and we never had this issue before with the previous Appfolio team.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Hi @Emily Gowen, whether you should sell comes down to what income (both cash flow and appreciation) you could realistically expect from the properties in the next X number of years vs. the amount of money you could make by selling now and either reinvesting or just sticking that cash in the S&P and collecting your 6-10% risk-free returns YoY.

Lastly, in this example, if you are only able to collect rents but have no equity on the property - that is worse for the investor than owning the property.