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

Basing insurance price on past losses does not adequately compensate for the future risk which is higher.  

I paid the first one and then said that’s more than enough to store all future documents.

In the  future - never  pay an application or engagement fee   when trying to  get a home loan or a  reseideential loan  

Generally, lenders base their refinance valuations on the property’s in-place income and existing condition, not future projections.

Another common problem is poor due diligence—jumping into deals without verifying the borrower or collateral often leads to future regrets.I’ve also seen over-leveraged borrowers cause trouble, prioritizing other creditors over private lenders.

Having a vision for future projects like the ones you mentioned are great, but learning the ABCs of RE with a small investment (initial down payment - since you only need 3.5%-5% down on a primary) is the best way to sharpen your skills.

I'm hopeful we can find more productive ways with less red tape in the future outside of LIHTC leveraging technology since standard construction really could use an overhaul.  

However, ensure you understand the local tax structure and any potential future changes.Economic Dependence: While Albuquerque has a diversified economy, it's worth noting that government and military jobs play a significant role.

Wishing you the best and hope we can connect in the future.