The 1% "rule" is only a guideline but can be useful for a quick mental evaluation of a property.

Hard to time a market, be it the real estate market or the stock market.If you're buy and hold, then dollar cost averaging helps you sleep at night and market timing isn't really that big of a deal, in fact a falling market is what will help you eventually build equity as you're buying in the down market knowing those prices will eventually go back up.Those of us with a get rich slowly mentality have a lot less to worry about in regard to market timing.

"The One Thing" might help you decide how to prioritize your time.2. 

It's not that people don't want to help you - successful real estate folks tend to have an abundance mentality and want to see others succeed in the industry as much as possible.But if you are offering relatively unskilled help then it's usually easier for the investor to just hire someone directly who can be paid a low wage but be accountable for their area of responsibility, rather than a "free volunteer" who is there for knowledge and therefore isn't accountable if the work doesn't get done.  

Due to HOA regulations, doing so would cost me about $10k, as I would not be able to rent the unit again for about 9 months, and the rental income is paying my mother's mortgage.I have recently acquired a rental through creatively financing my mother's bad situation.The property: My grandfather who was also living in the 2nd floor unit with my mom, and mentally ill brother, was entering hospice care at the time, and could no longer walk up/down the stairs.

The sad part is that it would seem that everyone is clamoring for the way things were and the understanding of the mistakes that led to the current situation have not yet been mentally absorbed.

The month prior, it was 24.58% interest.

For me pls KEEP THAT MENTALITY.

Prioritize your research: 1- ACTUAL gross income collected examine this carefully and determine for yourself the quality of this income (late pays, turnover, eviction record,etc)2- examine expenses- Concentrate on the accuracy of the most significant expenses- are they higher/lower than they should be?

Having the investor mentality I noticed there rare to spot.