They're also expecting an official offer on the second property soon.If everything goes smoothly I'm obviously glad that my money isn't gone, but I don't think that excuses the lack of communication and inability to respond to LPs.

I see the reason so many are uncomfortable, is a total lack of understanding. 

What did I miss or maybe have a lack of understanding on that I should research more?

But there is just not enough housing here for the amount of people, and so monthly rent has increased significantly for tenants due to the high demand and lack of supply. 

Your first is already risky enough since you lack experience, combine that with 100% funding and the risk is through the roof.

You have a lot of empathy that many in this industry lack.

Wood quality began dropping on a serious scale in the 1980s due to old-growth timber being almost completely depleted.Most wood used today is grown very fast - not only can you visibly see the difference in quality, but the newer lumber is more prone to rotting due to a lack of heartwood.

I'd prefer not to go through the eviction process, but their lack of responsiveness leaves me no choice.Thanks in advance for your help!

When it comes to all the cost and growth assumptions one thing I lack is the experience to understand what to expect... so most long term inputs are educated guesses.

Fill in with education what you lack.5.