Until 2018, when it was closed due to low revenue and high maintenance costs 2.

A low maintenance condo rentable to good tenants sounds like a good starting point to me.I’m 56 and reasonably setup for retirement, so real estate is a stabilizing diversifier for me.

Why do you put a window that low in the bathroom? 

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

I've reached out to the gentleman that owns the large PM group in the area to see if he knows of any smaller PM that I can connect with and I also messaged my credit union to find out what my best options would be.

Even if I were to rent it out on Airbnb, the cash-on-cash return isn't very attractive.Specifically, I’m concerned about:High mortgage payments and the financial strain it could cause if the property doesn't generate sufficient cash flow.Cash-on-cash return is low, even with high-revenue short-term rentals.My Questions:Risk Mitigation:Any strategies I can use to mitigate the risks associated with owning a high-value property with a large mortgage?

The banks/credit unions said I needed 6 to 12 months of ownership to get refied. 

Achieved by buying low value residential housing and turning into high value tourist accommodation for Short Term Let (STL).

Whether bank or credit union - either will work. 

The program was created to give low-income tenants an alternative to living in federal project housing.S8 sets their rental rates to the LOW-END of market averages, if not slightly below.