I started an automotive business on the thinnest of shoe-string budgets; way under capitalized. 

I would probably sell in your shoes.

I’ve been in similar shoes before, and let me tell you, it’s no picnic.

mibextid=wwXIfrThere are occasionally some REI meetups in Anchorage as well held by the team of Vested North AK (Jamie Rose, Nick Bruckner, Tyler Cobb).

Go straight into focusing on creative finance, subject to, and minimal cash down deals and build from there.I want to hear your thoughts on what direction to take here if you were in my shoes given these constraints (full time job and a few thousand saved) and you want to optimize for passive income first, then value appreciation?

There are a lot of good meetups for real estate investors in the area that would be good to grow your network and learn from others that are and have been in your shoes as a new investor, message me and I can share on some specific monthly meetups.Also sharing some multifamily data, this is Boston proper so it has an interesting trend compared to the rest of Massachusetts.

I don’t know your exact situation, but in your shoes I might pursue the refinance option first and then equity buyout second.

Install cameras and exterior lighting on timers, place no trespassing signs, and place items that indicate occupancy - like a BIG dog bowl near the front door, shoes, etc. 

HI @Ananth SubramanianI have not been in your shoes but have read others that have and from what it sounds like getting the judgement is the easy part and physically collecting the $$ from the tenants is the hardest most impossible part.

When somebody asks for advice, I always try to put myself in their shoes and understand who they are and what their objectives are so I tried to do that with you with the little amount of info I could garner from your profile.