You also will want to stick to on market properties at first because the purchase process and evaluation process (namely title and inspections) will be more defined.

Evaluate the situation to see if you could have done anything differently to mitigate the loss and implement changes to your processes, but know that this happens and hoepfully just not too close together. 

Have you had it evaluated by a Realtor, or are you relying on Zillow or other online algorithms to estimate your property's value?

Its a niche market but once you are good at it it comes easily. 

If they are professional, they can explain this quickly and easily.

So I pay it, and every few weeks when the stars align and I have no work meetings at the time, I join, listen to other people's questions and Peter's answers and that's it.At least after reading your post I feel better knowing that some clever tactics were practiced to get me into this and not that I was easily fooled.I would be happy to share info if yiu think it will help others make decisions and avoid shortcomings, and I would appreciate it if you have some advice that might help me get out of this situation.Thank you! 

Here’s a thought:Step back and evaluate which properties, if any, are truly worth keeping based on current performance and future potential.

Prices are easily up 15% since the fire.

@Dave Chengoue there are a lot of opportunities in the area, the main thing is to create your team to help you execute.You also have to evaluate your strategy.

If a newbie doesn't know how to do basic due diligence on an investment, they also don't know how to do due diligence on a coach or how to evaluate a coaching contract to understand exactly what the student will receive for their money.