Licensed brokers are entering a challenging time so I would recommend to ALWAYS have a BACK-UP plan in entrepreneurship.

I was not operating on all four burners!

Their value went down, then it went back up to par, and now they have had 10 years of debt reduction on that loan to build 10 years of equity. 

Yes, backup strategies include selling off the property after rehab.

Hi @Sam Hanaa, yes, that is correct, but many are absolute disasters (ie, can't be cost-effectively brought back up to snuff), or they are being advertised at a low price with an offer presentation date.I agree that there some more opportunities than a year or two ago!

Remember, you only fail when you stop getting back up. 

The key ingredient to long distance management is having a team locally with 3 backups minimum.

(normally recommended, especially if you are a landlord)- Water Backup: For water damage due to the backup of Sewers or Drains.- Personal Articles: Coverage for belongings that have a special or collectors valuesuch as Jewelery, Furs, Fine Arts, Collectibles, etc...Your age should not be a factor on the pricing but, depending on the company these other factors may get you credits:- Insurance Score (company pulls certain info out of your credit report)It is not your credit score but generally better credit will result in a better score- Time at your job- Education level- time at current residence Good Luck

@Shital Thakkar.... do you think it will pick back up?

So the seller intends to put the property back up on its auction site without disclosing these issues.