Your duty now is to preserve and protect the property from further damage.

A well-maintained property not only attracts quality tenants but also helps preserve its market value.Time Management: Managing a rental property can be time-consuming, especially if you have multiple properties or are working another full-time job.

@Ian Ippolito what’s even more concerning to me is that the fed would have probably cut more than a half point but with it being so close to the election wanted to preserve its impartiality.  

I am hoping they will preserve as much capital as possible and I'll be able to exit without a major loss.

This doesn't mean you should be looking at markets such as Detroit and Memphis, because even though it looks good on paper, if they are shady neighborhoods, you are going to spend a considerable amount more on property preservation (broken windows, stolen HVACs, etc.).The easiest way to increase cash flow would be on your existing property.

My understanding is that most lenders will file a mortgage lien on the subject property as soon as the loan is signed so as to preserve their rights, but what if the lender did not do so before the borrower defaulted?

I'm excited to introduce Nuovo Management Corporation (aka Nuovo Corp), where we bring creativity and integrity to property renovations, flips, and preservation services.

It's likely better to preserve the low rate on your 3-plex unless absolutely necessary.2.

Are you looking from a more traditional real estate perspective where you're trying to acquire an asset for long term preservation of wealth, tax advantages, to have guests help out with the mortgage payemnts, potentially have rents and home value increase in time with normal inflation, and are okay with the idea of paying some amount out of the pocket some (most?)

Tack onto this, legal fees, preservation, taxes paid, etc and you'll likely be over 600K total judgement.