There was downward compression on pricing with local comps, high interest rates, and a softening buyer pool.

Quote from @Jonathan Greene: You shouldn't be buying via auction as a new investor.

Quote from @Jonathan Greene: I would stay residential (4 units or less) to start unless you have management experience.

It's way too hot for hiking in the summer, and ugly in the winter once all the green is gone.

Follow someone like David Greene that peels back the curtain on the good, the bad, and the ugly.

Welcome to BP - you've definitely come to the right place - I'd recommend some of the books in the BP bookstore for next steps - particularly the BRRRR Method book by David Greene which is great and might be perfect for your situation

Quote from @Jonathan Greene: That is a good point and something to take away.

To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.

Quote from @Jonathan Greene: You are rushing.

Quote from @Jonathan Greene: Don't decide on wholesaling now because most likely that will not work out for you.