But they are the size of 20-40 school buses stacked upright and on top of each other.

Based on my projections, I knew that if we put the standard 20% down, we'd have a good chunk of equity built up right off the start, and we'd also have enough, or close to enough, rental income from the other unit to cover our mortgage.

I knew that if we put the standard 20% down, we'd have a good chunk of equity built up right off the start, and we'd also have enough, or close to enough, rental income from the other unit to cover our mortgage.

and now you will need to be able to rent it in order to cover that increased mortgage payment.Let's just say instead, you already have say 20-30k saved up right now, or are able to save it up pretty quickly, and instead, in November of 2021 you go out and you purchase a 5 bedroom home here in Denver for 500k with an owner-occupied low DP loan(30k all in with closing costs and DP) you then right away add a 6th bedroom in the basement and rent each of the 5 additional bedrooms for 700$ a piece.

@Vanessa Leeper Jones Every state has different codes and laws but in the State of Indiana a landlord has no liability for loss or damage to a tenant’s personal property if the tenant’s personal property has been abandoned.Because they're unresponsive they are giving up rights for personal belongs.

The student rental market is really screwed up right now with enrollment down, students taking classes online, etc. 

if you find out the current use, you can pick it up right away with same or similar use. for example grain fields can be rented to local grain farmers. cleared forest can be replanted with Christmas trees, popular landscaping trees and plants, any realistic business it is zoned for. if there is a home on the property it can be rented. if you want to live there you can still rent out the fields at a local per acre rate to local farmers, or start any type of agricultural business, or home based business and hobby farm.

I would love to have a project lined up right after the settlement day for the second property that won't require 20% upfront costs, if possible.

The problem didn't show up right away because millennials were not buying houses right after the crash.

If you skip the eviction process, you are giving up rights to $9K worth of back rents.