The fact that a company has stoped paying interest on a promissory note and is exercising an option stated in the note to convert the note to equity is not in and of itself indicative of any fraud.  

(Auctions and foreclosures can also provide great leads.)With $20K, hard money loans are a practical option, as they emphasize a property’s ARV over your financial history.

Offer aid and housing options if you're able -- don't try to profit. 

I’m not sure a bank would be your best option but it can’t hurt to try.

The original post leaves the door open for a challenge by the IRS, so the safe harbor of holding it for investment for two full years is the safer option.  

What’s your vision for your next property - do you see yourself leaning towards value-add projects, or are you focusing more on turnkey options?

All things being equal, a simpler option would be to terminate the lease with a penalty of one month's rent, agreed to in writing.

Focus on neighborhoods near employers or schools, and explore slightly outside Austin for more affordable options. 

Another option is joining real estate groups on Facebook or LinkedIn.

Here’s what made a difference for us:🔹 Mortgage Relief – Many lenders offer disaster relief options like payment pauses or loan modifications.