Hi,, The house at the end of my street is abandoned, in chapter 13, condemned and the owners were hoarders.  

The first question is of course, can you get a loan with less than 20% down - but I'll assume you can given that you're exploring both options.I recently read Real Estate by the Numbers by J Scott & Dave Meyer (shameless plug it's available through the BP bookstore here) and in chapter 36 they discuss exactly this - that in some cases using more leverage can actually boost your returns and you should run the numbers both ways to see what makes sense for you.

A lot hinges on what your desire for your next chapter is.

@Andrew Kubik look in to NARPM (National Association of Residential Property Managers) if you haven't already, they have local chapters.

Wishing you the best in this new chapter :) 

We are in a case with another bigger turn key guy that turned turtle and thats what the BK court did they snagged all his cash flow.. but he filed chapter 11 voluntarily ..

I could go on for another 10 chapters, but suffice it to say very, very few investors (on this forum or others) have any idea the demographics and challenges of this investment sector or the reality of what it's like to live in these conditions and economics.

Recently started a new chapter in my life and just found bigger pockets, building passive income and the FIRE movement.

I've done a few Level 2 Alterations (Chapter 7) in southern Wake County and would recommend that you talk to your local planning and zoning department before jumping in, regardless of where you are (Wake, Harnett, Johnston counties.)

For purposes of this Contract "municipal lien search" means a search of records necessary for the owner's policy of title insurance to be issued without exception for unrecordedliens imposed pursuant to Chapters 153, 159 or 170, F.S., in favor of any governmental body, authority or agency.