Hi Anthony, it sounds like you’re in a good position to start building your STR portfolio, especially with no debt, great credit, and rent-free living!

has anyone had positive/negative results in dealing with a company called 212 Loans?

Still tons of positive cash flowing deals that meet the 1% rule and amazing appreciation here!

Yes you are in a GREAT position to buy property but still need to keep improving your RICE.  

This can encourage positive word-of-mouth and build goodwill if they’re ever a reference for your property.Ultimately, focus on fairness and clear documentation.

I found myself in a similar position to you about 10 years ago.

I would highly recommend you listen to all the podcasts from Kenny Bedwell - Cashflow Positive.

Defaulted SFR loans - 1st position only (this has been our bread and butter over the years and we will continue to play in this space).

I would suggest that you find a partner or mento who has done it before.Many of the investors that I work with in your position find that buying New Construction investment property from a builder is a better option. 

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years.