With my crazy accent, with no family, being a foreigner, being a dark skinned foreigner, no money, on a visa, no unemployment options...It was really hard for me too... the trick  is... you can either complain, cry "unfair", feel sorry for yourself, and agree, that your crappy life gives you valid reason to give up and that it would be justified...or you just step up.

I seldom put inspection contingencies in, because I have management go over the place with a fine-toothed comb at the first showing- so I usually know what the problems are.

The sooner the better too, the more time goes by, the larger the correction is going to be.

I have done this many years ago, and there were problems; like some things were missing from my room, someone eat my cheese, toilet seat was left up, who used my tooth paste ----- they are playing their radio too late, strangers entering the building.Sure you can increase your income - but not worth the problems - you just maybe want to get better at making offers on properties you can control at wholesale prices.

@Joe Papp That is what I'm thinking too.

There were tooth brushes and shave cream in each bathroom.

I'm also chatting with them too.  

Back in 2009-2013, you may have had much better numbers.For what it is worth, your income property ROI calculation with 25% down may look something like this then:-4% cashflow + 12% (3% at 4:1 leveraged) market appreciation + 5% tax savings & benefits + 4% loan paydown by tenant + 3% inflation-profiting / debt erosion = 20% ROIIt still beats an S&P 500 index fund right now, and the stock market is doing considerably well.

How are you preparing for increased storms, storm strength, and beach erosion. 

My wife and I have overextended myself in the past, too -- the jump from 3-5 was tough for us with expenses we weren't ready for.