I am guessing they probably raised $15-25M from investors for the deal, so while the bank would still be covered investors would appear to collect maybe 10-20 cents on the dollar if they were to liquidate.if that's the case then I don't see buying one year really does anything unless I am missing something ? 

I am a young, new investor looking for some advice on a potential buy.

There currently appears to be a flow of investors still buying and renovating properties in this area, which seems encouraging.

Buy it personally, and rent it full time to my C-corp?

@Jeffery Jones you understand you'll be buying Class C & D properties, not in the best of areas?

I am in coastal Carolina - let me me know if you want to look at investing over here.

I plan to buy my first rental property within 2 years (by Dec. 2026).

They just have many of our jobs going on, too.I don't think the costs are TOTALLY far off...I could buy $50/hr for handyman type of work, but then they have their fee in their too. 

If not, ride out the 12 months with the hard money lender.People have to make good choices and not over extend themselves just for the sake of buying something they really can't afford or that doesn't make good cash flow.

if you buy a long term rental, you may not see true returns for 5 or 10 years (although there are other immediate potential benefits, like passive losses on your taxes).