At the current scenario, without knowing anything about you or your properties I will recommend either to look at a loan from your assets using DSCR loan.

Distressed properties are real estate assets that are usually sold at a discount due to financial or physical distress.

@Charles Perkins is absolutely correct about "collecting all receipts, properly tracking all income and expenses and your basis for all assets properly documented and recorded."

Their might be some wiggle room if what is being collected comes in over the market rent however for the most part the market rent would be the preferred guideline and any deviation from that would be up to the lender that you are working with.

In my opinion, I like a cash asset, but they may be able to sell now, buy a smaller house for themselves, and a rental property or two in Texas.

This year, I’ll be sharing tips, insights, and lesser-known strategies to help you turn your housing allowance into an asset.

(1) File FiFa with the courts(2) Find assets (car etc.) to file lien.

I tell my clients to determine how much they have in personal assets - if they have more than $500K in personal assets, I always recommend an additional $1M umbrella. 

Leverage + appreciation is what makes real estate outperform other asset classes.

What’s your preferred property type, and how did you decide on it?