We make sure an asset that is held will stand on it's own for a longer period should a correction occur, therefore, we don't build in appreciation into the model.

Be advised, you're playing in a very competitive pool these days as that asset class is in high demand.I would start be talking to the smallest banks in whatever community you plan to invest in.

My short terms goals are:1) Learn everything I can about real estate investments2)  Purchase my first rental property this yearMy long term goal is to reach financial freedom within 10 years.I generally try to be financially savvy so naturally I learned that real estate is just about the best investment opportunity out there.Feel free to hit me up if anyone wants to chat.

I just had a structural engineer and a professional builder come out and the general advice is to tear down the structure due to major foundation issues that will be costly to address.I am now considering replacing the structure with a pre-fabricated SFH due to financial restraints. 

A few useful resources are books, podcasts, online courses, and local seminars.Specify your financial objectives.

However, in accordance with the lease terms which stipulate the tenants' accountability for foreign objects, I made it clear that subsequent instances would result in a shared financial burden.

If you have navigated a similar path, what strategies or precautions would you recommend to mitigate financial risks and ensure a smooth refinancing process?

Financially it wasn't the best decision but emotionally it made sense!

A different asset class.

I am working on a letter plus spread sheet that would show an owner who may be unfamiliar with the process the benefit should it be conducive to their financial situation.