A prudent investor doesn't seek quick riches through shortcuts.

For example (just an example), here is a multi-unit property listed in the area we seek to invest in.

Hi,I'm seeking advice.

Readers are advised to seek professional advice.

Instead of waiting for others to reach out, take the initiative and actively seek out the top wholesalers and providers of off-market deals in your area.

I do not seek these people out to talk about this specifically, but bring it up in casual conversation.

Readers should seek professional advice.

I have an experienced opinion on the matter, but am seeking outside perception and strategies, if any.Additionally, what are the implications of the NAR Settlement regarding this strategy if any?

Even if the tenant can’t pay, it sets the expectation and documents the issue.Small Claims Court: If the tenant refuses to pay, you could take them to small claims court, where you can seek repayment without needing a lawyer.Security Deposit: If the tenant has a deposit, apply it toward the damages.Consider Eviction: Given the arrears and damage, eviction might be a last resort to prevent future losses.Talk with your property manager to create a plan that minimizes further risk.

Readers should seek professional advice.