sounds exactly like my situation. just ride it out...concentrate on trying to raise the rent each year, or upon each turnover. if you want to sell the property, you'll have to come to the table for maybe $100k when you considering the selling/closing/holding costs. you could try to do a short sale, however, sounds like an investment property and they will come after you for the difference unless they agree to cancel the debt, in which case, they will 1099C and you will owe the IRA the phantom tax of the loss.

The potential for poor quality work, overcharges or other unforeseen events lead me to do a lot of things myself (along with the classic justification to buying power tools -- "if I do it myself it pays for the table saw/nail gun/laser level/impact driver" -- signs of a power tool addict.)

They can put tables together to make a long one.

Did a quick pivot table to see how many people/institutions bought tax liens in the Palm Beach county tax lien auction.

And Jon is right that you do have a partner when you're in an HOA, but used properly it a partner that brings good things to the table.

But like being at a poker table, you don't want to get stopped out because you ran out of money.

Buying one property at a time, all cash, is very low risk (credit wise) but you leave so much money on the table when you refuse to use leverage.

The original owner knocked down a wall to make a dining room out of bedroom #2.

Run the numbers with the repairs before going to the table asking for a credit so you know your walk away number.

Or maybe split the space to incorporate a sitting room, his & hers closets, or area for the Mrs to sit and put on make-up/get ready.I'd the make the upstairs bath a full jack & jill.Main floor, there seems to be a huge open area to the right of the dining room.