@Ashish D.I also bet everyone of those sites will also charge you a hefty fee to learn how to do tax liens and deeds.Of course it’s easy and everyone should do it and make six figures.

Completely agree with that assesment @Carlos Ptriawan but as you already know from my views; I am betting on long-term investing, and appreciation.

Darryl Lin , I am an investor in the Hesperia market for about 3 years and got few SFR that I am renting, the high deserts is a growing area , although CoCr is around 5-6% but you are betting on future appreciation , LA and OC Market is over saturated with renters , many of them can’t afford rent anymore , so many are moving towards the east , 15 years from now , homes should value in the $500k ( my opinion ) think of it this way , a river with over flown water branching out of its track.

@Douglas Middleton Your best bet is probably to call a local bank, ask for a commercial lender, then tell them you're looking for a "business line of credit" or "working capital line of credit." 

My banks don't yet do Zelle or whatnot, and my tenants probably would not either - when they're unbanked my bet is they aren't going to do electronic payments either.

I haven't read any of the responses, but I would bet that my responses are going to be similar to others here.

I bet nobody else does.

Another way to think about it is that I bet the worst deals ever done were modeled in a perfectly working model.

you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet. 

Some will pay to stay waterfront but there are just as many I’m betting that would opt for slightly less expensive digs in a very popular tourist destination.