Get an attorney and get these losers out then hire a property manager to properly vet any future tenants! 

There is some future Infrastructure improvements taking place, which can/cannot impact the property ROI. 

I was in a leased building, counting on a hand-shake deal to buy the property in the future.

Best of luck on your real estate future, it's been a fun adventure for me!

I may look at out-of-state investing in the future, but I think good deals can be found locally (which I think you acknowledged). 

Incurring losses every year will mean that the losses will be suspended and carried forward and will offset future passive income.

After two years, if everything is going well, I might explore the BRRRR method.For now, I’m focusing on the Austin market, but I’m open to exploring other markets in the future.

Capitalize renovation costs to increase the property’s basis and reduce future taxable gains.

Small multi-family is hot right now due to house-hacking (low barrier of entry), and future cash-flow. 

Quote from @Don Konipol: Everything is good, wonderful, well worth the money, an investment in your future, member of a tribe, the networking alone is worth the money, yada, yada, yada.