Another option would be to sell, reinvest into a house hack and use the excess on a deal.

If you catch these at the pre-foreclosure stage as slow pays or initially in default all the better as the bank has less in collection expense.You can still work out a discount but even buying at the payoff it can be profitable depending on the property value.You can practically force a lender to sell as it can fully indemnify them as a full payoff as demanded, continuing with a foreclosure becomes a rather vengeful act by the bank to punish a borrower, they don't want to go there.

@Mike Levene First note, I agree with others saying cash flow is a bonus, though it depends on what stage of investing you're in.

STR can provide more cash (potentially), but its a high risk high reward strategy - if you invest in the furniture, staging, photos, and management or self manage, there is a lot of time and money invested.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

It's staged with a daybed + trundle (plus 2 chairs, coffee table and TV; its a good size), but the windows do not open, so egress by stairs only. 

So I'm still in the "prepping" stage of investing, learning all I can.

Even the $85 per yard mow seems excessive. 

My wife and I are now at a stage in life where we’re looking to move from a condo rental in the city to a home in the suburbs.

Hi Randee: Due diligence is important at every stage of the transaction.