The reason it crashed was its extremely low loan quality (high leverage with low credit scores), non recourse loans and strategic defaulting as the law has been in favor of it.

Most short sales are still necessity driven, not strategic, and still too far upside down to make sub 2 sense.

James Madison you are a pretty strategic thinking investor to figure out this strategy - kudos!

Take your time and strategize your approach, is it better to:A. move down and rent then investB. move down buy a primary (to live in) then investC. move down live out of your RV for a while then investI prefer A or C, it leaves more cash in my hands.

From the numbers above, the updates that were made, and your unique knowledge of the market, it sounds like a good long-term strategic fit for your portfolio.

Glad to see you here...Btw, for anyone interested in both the strategic and tactical aspects of analyzing, bidding on and buying large multi-unit properties, Sean is a great resource...as best I can tell, he spends most of his days jet-setting around the country looking at large apartment deals...  :-)

This is true Gualter or you find someone who can help you plan your scenario strategically including all conventional and non conventional but ethical strategies.

@Tyler Cruz Most of the conventional lenders will let you go to 5 (or more) residential mortgages before they cap you ... some will allow 10, while some do not really care.It is important that you use the various lenders strategically, to get the most out of their offerings/comfort levels.  

I’m now looking to purchase strategically myself and make money. 

You cannot have 20 financed properties (unless you strategically plan it 10 for you and 10 for your spouse/partner or you utilize portfolio/private money).