If you are finding out the property does not cash flow mid-stream, then you probably missed that importan up front up front step.

Being mid-COVID19 pandemic, the investment loan rates aren't ideal so we'll hold off refinancing until the dust settles.

The shutdown from mid-March through early May (roughly 6-8+ weeks of school) will hit these businesses very hard.

I'd recommend considering 3 factors:Type of property - with $250k you could get into a lot of SFH, but small to mid-sized multifamily may be a better way to leverage your timeLevel of involvement - are you looking to get hands on and swing some hammers? 

Unless you are paying cash for it all.Building cost are very high nowadays, typically $110sqf in south and mid west...Do your numbers and see what i mean. 

We are mid refi right now, waiting on an appraisal which are taking longer than normal.  

Working on my first BRRRR in Philly and the property requires heavy rehab.The kitchen needs to be gutted(will end up going with mid-range finishes since everything is being demo'd our anyway)Paint the whole houseBathroom needs to be guttedNew flooring throughout(Probably going to go with LVT flooring)New fixtures Minor repairs to the roofEverything else looks good, however, I'd like to remove a wall so you have clear sight lines from the kitchen to the front of the house.It also needs a washer/dryer hookup and new appliances.With all this in mind, I'm trying to figure how much the rehab would cost.

While they were gone on their first run back to Wisconsin in mid-Feburary my furnace decided to give up on life.

On tenant #2 right now.Goal would be in the future, hopefully 2021 or 2022 to perform a 1031 exchange and utilize these funds for a small to mid-size apartment complex.

The tenant left mid-lease, behind on rent and with six months remaining.