Due Diligence is Critical—Don’t Waive Inspections•Since this is your first investment, make sure you follow a solid due diligence process before purchasing.

A detailed screening process and ongoing training can make a huge difference in performance.• Clear Guidelines & Performance Metrics:Defining clear expectations, call scripts, and performance benchmarks helps maintain consistency.

Start the eviction process.

Thank you  The good GCs charge 20% but this does not equate to your savings because the GC will have better contacts, have namer experience coordinating contractors, be more familiar with permit process and expectations of the inspectors.  

Ineffective or Absent Conflict Resolution ProcessEvery successful group of people needs an effective conflict resolution process characterized by:simplicity to understand and remember;quickness to start and complete;a clear vocabulary.My company, Livingsmith uses and recommends the 5-on-5 Process for conflict resolution in co-living homes.2.

Its a slow learning process if you havent been in the lending, investing or real estate world before.

You'll typically need to set up your account and get familiar with the process of working with the local housing authority.

Having an exit strategy can also just simplify the process in case one of you has a life event and needs to exit the deal.

Stats are not in your favor but forget the stats as it all depends on the individual's drive, effort and processes. 

I know this is a slower process than you might like but $3.3M in debt is a lot for most people.