Condo's value is very much tied to the overall health of the financial for the project.

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

There will be moments when challenges feel insurmountable—deals that fall apart, difficult contractors, financial struggles—but the only way to succeed is to persevere.

The only other question I would suggest is that you do engage a property management company to review your quad and review your monthly financials.

So you have bad financial terms working against you along with finding properties, making deals, getting financing etc Secondly - for me it's time consuming.

This is a great first step into your financial future.

By the time I retire, I want to have enough rental properties to have financial independence to enjoy my hobbies and enjoy spending time with my family and watch my children grow up.

Avoid deals in poor locations with high vacancy rates, overpriced properties, significant deferred maintenance, and unclear financials.

So basically in my mind this would not be a great financial move as we be accruing about 200k more in debt if we were to sell one house and take the cash from there and use it as a down payment.

So PLEASE don’t make another huge financial decision and then tell that same person after you do it.