And eventually, they also fail financially, because over time capex exceeds cash flow.So I am very much in favor of @Tim Ryan 's idea: pick a market and grow roots.

If rent growth fails to outpace inflation, you have to get a job to supplement your diminishing rental income.Las Vegas Metro AreaBelow is a map showing the Las Vegas metro situation.Las Vegas is a small island of private land surrounded by a vast expanse of federal land.

I'll try and do that, though I think the subject of the post should be all the things that the prior manager failed to do. 

One investment basically failed.

If the window will not stay in the open position, an inspector, who checks that specific window, will fail it and require repair in most jurisdictions.  

He says the pharisees did what was right in giving their tithe but they failed to do the more important matters of the law, which were to love others.

Philadelphia happens to be better positioned than most to absorb life science assets because of the local human capital but look at all of the developments stalled or failing to break ground in University City because the developers can't obtain tenant commitments.

Trying is failing, doing is going right. 

I remember the war on poverty, failed.

This worked for me, I had the same situation with a HELOC but did a failed refinance a few months back and had a solid appraisal in hand.