You may end up needing to go through the whole foreclosure process which can take a lot of time and cost a lot of money, and you may end up getting the property back in much worse condition than when you sold it, potentially with a squatter in it and months of lost rent, and in a worst case scenario you will be in a much worse position than if you had just sold it outright. 

Like every investment asset, real estate investing is not risk-free.And many more.....Answering these above questions will allow you to ask your potential real estate agents the right questions.Remember that the quality of your questions has a direct correlation to the quality of the answers you get. 

They were initially hesitant about Linda Vista but ended up loving the location’s convenience and rental potential.

Not saying that those are possibilities but understanding those potential outcome and doing what you can on the front end (screening + clear expectations) to avoid them.  

I’m considering Indianapolis as a potential market.

The property is in a B-class neighborhood, and while I’m comfortable managing coliving setups, I’m curious about any potential nuances around refinancing and insurance for this type of property.Are there specific loan types or lending policies I should know when refinancing a rent-by-the-room property?

They will likely count your potential rent as part of their analysis and should give you a good idea of how much you could "buy" based on your situation.

My wife was on the phone with a potential tenant as she was arriving at the building to view the unit.

The premise of the time value of money struck me: "Money in hand today has earning potential, and we can turn money today into more money tomorrow by investing it."

Quote from @Tanner Martillo: Hi BP Community,I’m evaluating a potential investment property in Cincinnati, Ohio, and would love to get your insights!