Logically I can't make a solid business case to cancel them, as the cash flow is fine vs losing it all with a tornado.

It sounds like the tenant has solid evidence their check or auto payment was received by the wrong party.  

The numbers can look great on paper, but the success really depends on buying in the right areas, managing renovations well, and having a solid team in place for property management.If you’re thinking about buying, fixing, and renting, I’d recommend starting by learning as much as you can about the different neighborhoods.

So when the soviets dissolved 35 years ago, why do we still have NATO?

I think they contain solid information and will help lay a good foundation as a beginner (Haha, I'm completely new to real estate as well, btw)I'm also going to be reading the following books, and hopefully I can finish all by the end of this month:1) The ABCs of Property Management2) The Advanced Guide to Real Estate Investing3) Long-Distance Real Estate Investing How to Buy, Rehab, and Manage Out-of-State Rental Properties (this might be the most important one to me personally)4) The Book on Investing in Real Estate with No (and Low) Money DownIn addition to reading, I'm consuming crazy amounts of youtube videos, and I'recommend you do this as well.

These platforms are affordable and offer comprehensive reports (credit, background, eviction history) without you having to handle sensitive information directly.Verify Employment and Landlord History: Your plan to request pay stubs and a landlord reference is solid.

If you’ve got strong tenant demand, proximity to top employers, or even access to public transit, you’re laying a solid foundation.

@Guillermo PerezPositives:- Equity Built: You now have $70K in equity, which is a solid result for your first deal.Cash Flow Potential: If the property rents well and covers your debt service while providing some cash flow, that’s a win.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.

As a park owner, it’s usually better (in my humble opinion) to sell the home to a solid tenant who will then pay lot fees and maybe a mortgage.  

The thoughtful renovation and smart pricing strategy attracted buyers quickly, resulting in a solid return for both Partner Driven and Seth Choate.