So looks like with bond yields making all time lows, mortgage rates also continue to decline to record lows or very close to those levels.

I would cut your teeth on a Duplex, Triplex or Quad first, get experience managing and landlording, then venture into a small commercial investment.  

You should look for length of time in the business, depth of experience and expertise, availability of team to answer questions, Fidelity Bond and E&O insurance coverage, check online reviews and secretary of state website to verify they are in good standing, etc. 

I would advise to put the money into a safe investment for 1 year such as bonds or something that you are comfortable with that is low risk.Then take that year to educate yourself on the different avenues of investing in real estate.  

All that stated, however, if as @Ofelia Flores has suggested, she is a good tenant who pays her rent on time and takes care of the property why kick a gift horse in the teeth.

Either way, you could still sell the house by bonding around the lien, filing a complaint with CSLB to go after his bond, and then fighting the contractor in court. 

Mortgage rates are tied to the 10-year T-bond, so this isn't directly tied to the rate the feds just increased.

I'm looking to form bonds with general contractors, real estate attorneys, real estate agents, investment bankers, mortgage brokers an other team members suck as other real estate investors. 

@Steven Bond All you can do is jump straight in and start making phone calls.

However, the older I get, the more I want higher quality tenants, less risk for vacancies, and less risk for maintenance.I prefer to own a very easy to manage Investment Property in an appreciating area than to put my money into a Treasury Bond paying very little returns.