Specifically, use the lessons from this experience to beef up your lease and tenant screening and management procedures—this will ensure future tenants are reliable, and that you have maximum leverage in the rare instances when a tenant doesn’t pay.

This is an example of why it's so important to understand one's customer and one's specific rent market niche.

Yes, it's okay to invest anywhere as long as you have a strong team, specifically your core 4.

I'm sure this is market specific and you may have different results but instead of it being a complete waste of my morning I thought I'd share this info with the forum in order to hopefully save someone else's time. 

If anyone has apartment sector specifics on potential loan rate resets, please post the details.From Avison Young, about the 2023Q4 Raleigh-Durham office market report, "Class A availability has reached a post covid high (27.3%) as demand for office space slows and occupiers decrease overall hiring." 

I don't recommend using a lease template unless it's specific to Chicagoland.

@Sandra Gutierrez no offense, but it's scary that you are asking this question and not more specific DIY management questions.Do you even have an idea of what you don't know?

What you need to do is specialize is several specific areas, and odds are those types of areas exist where you live today.This is why, in my view, every investor should begin where they are and learn using an area you already know fairly well.

They are elementary at best and NOT tailored to the clients’ specific needs or interests which should have been conveyed to us at the beginning.

But all of that is hypothetical without seeing the property and evaluating the best method to sell.Definitely try and give some more specific numbers so you can get advice and opinions on whether keeping the property is the right move (I suspect that it is).