Hi @Andrew Pierson SFR are tough in NJ. 

Those scenarios are tough to come by to get those kind of rates though...Cheers!

@Sanil Subhash Chandra Bose I totally get where you’re coming from—local markets can be tough to find good deals.

Some people complain that this market makes it tough to flip and others flip for profit.

Conventional loans for investment properties like the duplexes may be a better option if you’re holding multiple properties.Market Considerations:You’re absolutely right that finding a duplex in Lexington under $300k in a desirable area might be tough, but keep an eye on market trends and perhaps look for off-market deals.

I am not a credit expert.. just know how tough construction loans are .. so with zero experience and missed mortgage payments I suspect u will not find a lender that will do a loan for you. 

Hiring a Property ManagerManaging Yourself:Control: You have direct control over tenant selection, maintenance decisions, and overall management style.Cost Savings: You save on property management fees, which can range from 8-12% of monthly rental income.Challenges: Being across the country means responding to emergencies or maintenance issues can be tough.

So its not PM its the investor buying into tough management situations then blaming the manager..

@Daljit Singh, I'm sorry you are going through this, it's really tough!

Without that it will be a tough task to accomplish unless you work out some custom structure or bring the GC on the loan with you so you can leverage their direct experience.