Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?

Many of which are savvy BP type clients who are doing updates/raising rents and then the buildings do cashflow positive even with lower down payments which produce amazing returns (at 3.5-5% down you get close to a 50%+ return a year just off mortgage paydown). 

You’re in a strong position with multiple viable options.

What would be the best course of action to sue them for non-payment? 

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month. 

I am taking action everyday and hope to close on a deal soon. 

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

@Pranav PatelStarting your real estate journey with $50K saved and a strong income ahead is a fantastic position to be in.

Any feedback positive or negative would be appreciated!

You could theoretically structure a deal where you are cash flowing negative, but have an overall positive ROI.