Investment Info:

Condo buy & hold investment.

Purchase price: $595,000

Cash invested: $125,000

Purchased with the intent to lease to the tenant. This tenant intends to purchase the building in th...

I wrote this not too long ago about why I think turnkeys are a great option for newer investors-https://www.biggerpockets.com/renewsblog/turnkeys-...Hopefully that adds some info in for your to consider and anyone else reading this. 

Pooling investor money into a debt fund is another option for you, but seems outside of your current approach, Brendan. 

You buy the right to collect the remaining amount left on the defaulted mortgage.Once you have the mortgage note you have a few options to move forward.

Do plenty of research and find out what other mistakes have been made in your are and learn from them.Both are great options but maybe doing a simple pros/cons list for both STR and LTR.

Another option is to explore private lenders or HELOCs to cover the equity.

What financing options are available when partnering with a solo 401(k)?

Quote from @Chad Clemons: I wouldn't recommend it.Lease option can be lucrative, but you really need to know what you are doing.

It's possible to find cheaper options but make sure you evaluate the coverages offered.

There are many options, so instead of me listing a million things, it would be more helpful if you could lay out a few options you're considering, and I can provide some feedback from there.