With that said, we have a combined nearly 20 years of experience in the hotel and travel industry, so that really helps when it comes to dealing with those problems you've come across (cleaning, amenity maintenance, etc), as well as the BOH operational systems required for maintaining multiple units.

But I would imagine many good deals and 1 bad deal still combine to average out to a good result.No matter- its great that you shared with all to help others learn from this situation- that's why Biggerpockets is so great!

It really is not a substitute for learning from others here on BP, but I think that gaining the knowledge is worthwhile, and if you combine it with what you learn on BP it can’t hurt.

I have $185k in capital to start investing with and I'm currently working with two mentors who have over 40 years of combined investing experience and own thousands of properties.

So with zero leverage, you have 20% of your money at 15% and 80% of your money at 5%....so you make a combined, weighted average of 7% in Plan A.If you happen to have $500,000 in real estate, and you experience nice appreciation....you'll also further do better with Plan B, rather than having $100,000 appreciating in Plan A.

The replot is easy to combine them to 1 lot.

My second property of June of this year was a combination of my mother-in-law providing me a loan for rehab costs and downpayment and the owner holding papers thanks to the book "Investing in Real Estate with No (and low) Money Down".I've never gone this specific route before of looking for private lending outside of immediate people I know but I'm realizing the impact this can have on my future in this business.

That carrier, American Modern Home, may write in your state. 

Run a "multi-level stress test" on your portfolio - what happens if one or more properties get vacant at the same, you get hit with an HVAC repair at the same time with a roof replacement, the property tax increase without the ability to increase the rent, a combination of the above.

Our portfolio is located in Minnesota and includes 90 units, combination of single family, small multifamily and a few small (12 unit) apartments.