That doesn't mean you have to file bankruptcy, but you do need to know there are better solutions than Subject To when in foreclosure.If you sign a deed in lieu, that means you will no longer own the property and will probably never be able to buy it.

It the equivilant of a very light sanding, then poly and looks good as new.

Hip is doing great. 

Welcome to BP, and I doubt it was all luck.

But yes we do bifurcate our portfolio and manage it to make sure it’s well balanced as well and not teetering too far one way or the other.Chris, I never knew about SEC audit.

The house needs about 50k worth of work which I could myself. 100k if I were to sub it out.My question is, how do I navigate this?

It’s a great program, though it does come with some complexities.

Yes, that's the way to do it, but I wouldn't rely on a property manager or realtor for that.

What’s your vision for your next property - do you see yourself leaning towards value-add projects, or are you focusing more on turnkey options?

NO for sure IF you are doing your first deal then 75 25 is totally appropriate in my mind.