If you can manage the cash flow and if you have a reasonably long term perspective, I would recommend that you keep the house and use it for STR. 

Another perspective is looking at cash flow. 

Whether or not you own the units vs. owning the shares that give you a lease on the unit is just a matter of perspective because at the end of the day the numbers breakdown the same. 

Well first, the buyer might have walked, and Alecia now would have to tell all new perspective buyers about the problem.Then, as I wrote, since assumably the mortgage was current, the insurer would have told its insured (the bank), give us a call after you foreclose and take title, then we'll see what we'll do. 

Great perspective

I’ve been in the industry for a little over 4 years now, and even though I still consider myself new I wanted to start this discussion to share my opinion of why this happens and would love for people to share their perspective on it too.

I think, whether you're ready from a cash perspective or not at this point it would still be helpful to build a relationship with some trusted lenders who have demonstrated experience with helping househackers/investors for them to coach you a bit on what steps to take now while you are saving up!

Hi everyone, my business partner and I have just purchased our first rental property, and are now thinking of the best way to manage the property from a business perspective.

Just to get an understanding of the value of the location from others perspective.

The 10 year perspective is helpful. :) Surprisingly, the HOA has no lease minimums, my real estate lawyer confirmed when I bought there is nothing limiting me from renting it on Airbnb (which was her suggestion lol).