That way, in case you need to go take pictures or meet with a seller, it’s not too long of a drive for you.

Flipping, renting, or sitting tight for long-term appreciation-there is potential for anyone willing to do the work.

I am extremely familiar with the area, I know that it can rent long term, and it is perfect for my family's current needs.

Hi Anthony, what's your biggest priority - cashflow or long-term appreciation? 

@Jordan Meltzer congrats on the mid term biz and your success. 

I also don't do anything less than 3yr lease terms. 

It may be possible for the homeowner to talk with their lender's workout department and negotiate terms to pay off the arrears, penalties and late fees on a new schedule. 

Though I am unsure how I would amortize the up front remodeling costs for P&L, tax accounting.2) Interest only loans term loans -  Would allow current owner to have cash flow on the property, without eroding the asset value. 

I do generally agree with the sentiment of Austin and the other hosts that fundamentals will always win out in the long run, and this by nature is a long term industry, even the sales side I'm learning.  

Just be willing and prepared to make it a long-term investment to get you mentally and financially through any bumps in the market going forward.Good luck!