"reinvesting the full proceeds without financing or using leverage to enhance returns is key"So I cannot use it as a down payment for buying a place with financing?

. - The home is 2 payments behind and already got a letter from the lender about future foreclose.

Do you mind expanding on how you attained closing cost and down payment?

Focus on rebuilding your credit, saving for a down payment, and learning the local market.

Hi Lina, It’s exciting to hear that you’re looking to invest in a mid-term rental (MTR), and I’d love to help you navigate the financing side of things.Understanding loan options, down payment requirements, interest rates, and how lenders view MTR properties is crucial to setting yourself up for success.

Thanks for the feedback—it really makes me step back and think about this whole situation.To answer your question about the hard money loan: I went that route because I needed to close quickly, and hard money was the fastest way to secure the deal.

It's not quite as easy as renting out two sides of a duplex, but with the right marketing and management you could rent out the extra unit to supplement the mortgage payment. 

If rates drop, more buyers will come to the market and you can refinance to lower your monthly payment.

Get the siblings on board to take payments for 15 years at 6% interest.

I weigh more on making 3x rent and having great rental history of on time payments with no evictions, no lease violations or violent criminal history.