So you have to weight risk to reward.. and sometimes we have to eat one that we bought it happens..

If he didn't want it or can't afford it, I would have reward him with 60 days time to find another place, then find a new tenant that can pay what it is worth….  

Your risk vs. reward is way off balance there. 

Your background as a licensed architect with experience in commercial and residential projects is an incredible asset, especially here where so many members are navigating construction, renovations, and design challenges.Out of curiosity, have you worked on any projects that were particularly challenging or rewarding?

As with any market, there are risks and rewards.

Real Estate Investing can be an exciting and rewarding venture, offering the potential for significant financial returns and the opportunity to create wealth over time.

There’s no risk and all reward because if somebody can’t provide ID, they’re not going to be able to rent from me anyway.  

It targets individuals who understand the risks and rewards of income-based investments, rather than traditional property ownership.4.

It’s a great option if you want simplicity and rewards.

As always, make sure to run the numbers carefully and factor in local property taxes and HOA fees, which can vary widely in North Texas.Delayed gratification is key in real estate investing, but with patience, the rewards can be life-changing.Best of luck with your search