Success often comes from picking properties with strong chances for rent income or those that can be improved in value.

It was rented before I even got a chance to put it on the market.

I would do this again many times over if I had the chance

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

Second, the investment may have been made anticipating a chance of failure; for example an investment may correctly analyze that it has a 50% chance of a 25% ROI, a 35% chance of a 50% ROI, and a 15% chance of a 50% loss.  

I wish it were that easy to pay down the debt when you're barely scrapping by...Anyways, thank you for the response! 

The property is 8.1 acres and has a two-bedroom, one-bath broken mobile home that is barely livable.

Any chance he’s a BiggerPockets member that I can reach out to?  

Have you gotten the chance or considered speaking to your neighbor?

There's a very good chance the issue(s) you face have already been discussed and answered.Ask questions in the appropriate forum.