Here is a high level breakdown of two of the risks that you are carrying1) Liquidity - you are only as liquid as the reserves that you are carrying (which includes whatever is left in your heloc) so make sure that you have enough to cover unforeseen scenarios, personal and business2) Business Risk - as an owner of real estate some of the main risks that you carry are vacancies or non-paying tenants, lower than expected rents (negative cashflow), unforeseen expenses (repairs and maintenance)I would argue that both of these are higher when you are operating at a smaller scale e.g. if you had a fire at your triplex then 60% of your portfolio would be non-performing.

I was very pleased Lessons learned?

It’s always bad when a business relationship goes sour, but there are so many valuable lessons that I’m sure you have learned ( as stated).

Lessons learned?

a fantastic cashflow rental property that I will likely keep for a long time Lessons learned?

That is a very hard lesson learned.The house was listed for around 240k while the first investor had it.

Lessons learned?

This town is on FIRE right now, so message me if you want me details.

Lessons learned?

His suggestion for safety: rewire the whole house to the tune of $12k-15k (and that’s not including the work then needed to be completed in the report).