NEVER let it go to Foreclosure (auction) That hits your credit for 7 years and 300 pts and depending what state you live in the bank can come after you for the deficiency.There are many options and way to many to type out here and explain so feel free to call me at 636 685 2990.

Is there a large pool of renters for the type of home you're considering?

Just make sure you have a great contracting crew in place before you take on any value add type investing.

A platform really can not create liquidity.It's actually a pretty common feature of many of these types of funds.

Suffolk, VA has a 4% population growth for the past 3 years What made you interested in investing in this type of deal?

The home we have now in Lakeland, TN (near Millington) is definitely Class A and there is a large volume of transients that move through the naval base, FEDEX and other like jobs that our neighborhood of 400+ homes hardly ever has ever rental openings, but there are often multiple homes for sale.We think if we can maintain the right type of tenant we will be fine.

That same idea will typically apply to other types of credit.

Tenants that ask for these types of things are typically entitled and will take further advantage in the future if you do not curb this behavior.

The banker can help you do the math.Start thinking about areas of town you want to live in and type of house you want.

Is this type of work even possible to the point it’s worth looking into?