The negative $500~ I mentioned is just a "best case" scenario on what I'd lose if I had to potentially move out down the line.

Looking forward to learning from all of you and perhaps sharing some of my own experiences along the way.

Looking forward to hearing your insights and experiences.Best,DonandBubba.com

Moving forward, I’ll avoid forcing these situations since market forces are beyond my control. 

@Angela Fondeuri started by renting out a condo that i used to live in, and i grew slowly from there.the reason that i say a cheap property isn't going to help move you forward is because you'll be spending money on it that could be saved for a house hack, and you won't cash flow, because interest rates are too high.i am making numbers up but say you need $40K to buy a property in the midwest in a good neighborhood. 

Personally, I moved from the Florida market to start investing in Ohio. 

It's also not rented yet so there is no income to DSCR, the tenant would need to be in place or at least moving in prior to closing.That doesn't mean you couldn't get a negative DSCR loan or bridge option, there are many options.

We don't intend to move back into this house.  

We do not suspect foul play because apparently that tenant's relatives have reported to the remaining tenants that the MIA tenant has moved in with another relative (but did not give that MIA tenant's new contact information). 

You might want to start with passive investments and move into more active roles as you gain confidence.