If passive income is key, renting the condo or reinvesting in a property portfolio could be solid options.

I figured this would be a solid way of getting started. 

@Sam Ojo The $900K of equity isn't relevant without understanding the value of the real estate.

Its comical how few people understand how luck in a particular economic cycle plays into their successes. 

Are you a US citizen who understands how things work legally in the USA?   

@Isaac Hanai make sure you FULLY understand the negatives of S8 programs, not just the mirage of consistent government rent payments.

It's not hard to understand the disqualified party rules and prohibited transactions. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

It's a solid strategy.

@Jonathan Blanco, I'm and investor and a licensed mortgage broker so I've been on both sides of this conversation.I would look for a lender that (1) listens to you and understands your strategy and needs (hint: it's not always money), (2) has experience working with clients executing your strategy and brings more to the table than just cash - be it advice, relationships, deal-team partners, etc., (3) gives you viable options and explains the pros and cons of each option and (4) you enjoy interacting with - this should be a relationship, not a transaction.Once you find a few lenders like this (and you should have relationships with more than one), then you can start comparing rates and fees.