If you have a loan, you may wish to look into due-on-transfer clauses.

When one machine goes down you start losing money in a small way. 

M my loan never closed.

Build - rent - refinance -repeat. in columbus ohio you are buying old houses that are 1900 or 1920 or 1940 and you are in a sellers market. on the other hand you can source land which is a buyers market and build single family homes or duplex or triplexes that will return by renting and pulling cash out on a DSCR loan and doing it again. there aren't a lot of strategies that do this. flipping is different. so many risks. but when someone has a well oiled machine it's all good and less risk.

The typical term of this loan is 12 months and rates range from 10%-12%.

It could be a massive failure, but it could also be a small - moderate, LTR win.  

It's a Single Family property, that some genius divided into 3 units. 3 small units. 

If it is with HUD, did they foreclose or is HUD servicing the loan? 

@Daniel Cacho I’m 35 years old, have been in the game for over a decade, own 26 doors, run a property management company with 350+ units, and operate a realty brokerage with a small team of agents.

Example: If you take out a loan for 7% you would want to make more than 7% to make it worth it, and probably significantly more.