So after 1.5 years of searching, putting in offers, losing deals after inspections, yesterday I finally closed on my first investment property.I put together a document of all the lessons I learned that I did not know prior, despite countless hours of investigation on my end. 

Countless more headaches that are too numerous to mention.In addition to the above being a pain in the neck, here are the ways I believe the tenant has defaulted on their lease. 

There are  countless ways to finance a property and financing decisions alone can mask the intrinsic profitability of the property.The NOI attempts to address that by piercing through such  mask and focusing on operating expenses and not financing expenses. 

However, I have walked and driven countless neighborhoods and identified many targets as an experienced opportunity detective. 

How to analyze a deal, what market to choose, how to find a mentor, what niche is best for you, etc are all topics and titles of countless BP articles and many real estate and investment books cover this extensively.Find something you can bring to the table to help or benefit others and build up on that to make yourself an invaluable asset and then others will be glad to help/mentor/partner.Try answering these questions by looking for the answers yourself.

Once you see how great you really have it, then you can start moving in the right direction.There have been countless stories of people starting out much much worse (in a position that would make you look like a king) that have persisted through life, against all odds, and become idols that millions of people look up to.Sorry to be a little harsh there but I just wanted to give you some "tough love" and hopefully motivated and inspire you a little.

Try and help him fix the mess (trust me: he won't let you, I tried countless times), ignore it/do nothing or move on.

I bought my primary resisdence with the ‘leasing with the option to but’ method, and although at the end of the day I got a fantastic deal, the home was built around 1900 and it caused me countless sleepless night so haha.

There are countless threads plus a thread literally stickied at the top on this exact topic ;)https://www.biggerpockets.com/forums/93/topics/541...

2) What would happen if someone used the above steps, and instead of transitioning to an MTR, they got out of the rental gamer and turned their property into a vacation home?