Once you find rock star property managers and set up the right systems for communication and accountability it becomes much easier.  

This and all its negative after effects caused a 2 years delay.

I've even gone through some of their coursework and found it to be thorough and effective.

A hairdresser would be a problem as they'll have customers.As to zoning, my dad had a mixed used property in a residential zone, a zone with properties before zoning laws went into effect, and commercial use is grandfathered for him.

I'm glad to hear it's not fraud but am pretty disappointed in the poor service and lack of communication. 

@Steven Harris I did pretty much exactly what you did but back in 2019 (and from Hawaii)..My "nest egg" also proved to be a lot less effective than I'd planned.

In this case, you leverage the property you are in so you still have money left over.The other option is utilize the cash to do the BRRRR strategy in order create more cash flow and have the mortgages covered so it doesn't effect your debt to income ratio for when you get your personal residence.That's the joys of real estate, you have options.

My tenant hasn’t paid rent for the month that was due on the 1st and hasn’t responded to any communication attempts.

This clears that air of mold and stops mold from spreading on walls/surfaces.I've previously used bleach/vinegar to try to get rid of mold on my own and it wasn't nearly as effective, which is why I leave it to the professionals.

Margin interest example$187,000 for 6 months (180 days)Multiply loan amount by the effective rate: 187,000 x 7%Determine the daily interest amount: $13,090 / 360 = $36.36Calculate the interest due after 180 days: $36.60 x 180 = $6,588 + additional funds / holding cost interest for for rehab budget