If the property had multiple mortgages, it's possible the junior lien(s) were stripped in the BK, enabling the property to be sold for less without a short sale.

Just something that asks enough questions to enable us to gauge a good buyer. 

On the other hand, having an on-site facility may also enable you to increase rent rates and reduce vacancy, so the payoff could be much faster.

Something occurred to me yesterday though regarding partnering up that would enable us to jump on our first deal faster.

Option B = $400,000 Purchase price with a $20,000/5% down payment, leaving you with less equity at the beginning, but $80,000 in cash reserves.In the event of a job loss or some other economic downturn, which option will enable you to continue making your payments?

In NJ effective 2020:  "Governor Murphy's executive order waives provisions of statutory law that prohibit the use of security deposits for rental payments, enabling tenants to instruct landlords to use their security deposits to offset rent or back rent." 

You can also make repayments above $4,170.00 monthly if you wish so as to enable you to pay off the interest ($1,000,000.00) and principal ($1,000,000.00) before the end of your loan duration of 20 years.

The latest version (ERAP) requires the Landlord and Tenant to participate, which enables you to confirm she has actually applied and lets you track the progress of her claim.

We're not talking about an influx of unskilled laborers... we're talking about extremely intelligent nerdy folks that live or come to California that have enabled the state to consistently lead the nation in innovation and new technologies.

If not, what is an effective source that would enable me to take action?