It is fairly easy to get a loan modification or other alternative to foreclosure (Assuming its Fannie/Freddie, which is still 70% of the market) these days and values are not declining so, its not like we were chasing values down like we were 08-16."

There are far better alternatives. 

It's essential to explore alternative parking solutions, like leasing nearby spaces or offering valet services.

Another alternative could be to seller-finance or cash out refinance.

Wholesaling can be an alternative strategy in the real estate market, but its success varies based on Richmond's specific conditions.

Explore alternative strategies like using a single checking account with separate categories or utilizing accounting software. 

Run your deal analyzer as if you are purchasing the house now for $230 and see if it meets your investment criteria (and also compare it to an alternative investment purchase). 

Alternatively, if you're planning on buying multifamily in a low cost of city to get the best bang for your $ - then it might make more sense to do so. 

There are alternate money options as well. 

If not, what alternative strategies would you recommend?