I would also like to benefit from the following deal as well.SO.....here is my idea....I am NOT a real estate investor but this situation has me thinking outside the box because moving during covid with 3 children doing distance learning is not ideal.Please tell me if my following solution to this situation is feasible, or if I am way off or missing something.1.

Don't miss out

Decided to ask others as I'm sure there's a bunch of stuff I missed out on.I'm planning on going around looking for some abandoned or beat up houses in the surrounding cities.

Unfortunately I had to miss the in-person Raising Money Summit last year because my best friend & first investor in my real estate deals chose to get married on the same weekend!

Missing one month's rent and finding a new person is way better than the hassle this tenant is going to be. 

Jim as you know I was and am pretty clueless on social media and u tube stuff etc.. which is my big miss.. had no clue it was so profitable ( u tube channel)  should have started one years ago..

And, while I drink from the firehouse, I defintely have it in mind to simply slow down and keep learning before deploying dollars.

Mortgage (20%DP) - $2899 (30-yr @ 5%)Taxes - $500/moIns - $50/moFixed Exp - $400/moWater/Sewer - $250Garbage - $150Variable Exp - $3194/mo Vacancy - $1,161 (based on current 16%)Maintenance - $726 (10%)CapEx - $726 (10%)Mgmt - $580 (8%)Any guidance on what I'm missing or what type of offer makes sense would be appreciated.

(unless I'm missing something)escalation yearly can be a great wealth builder and shouldn't be ignored.

I had a mortgage with an escrow account set up where the lender missed making my insurance payment multiple times.