We aren't zoned for a campground or RV park nor do we want to pursue changing the zoning to that, but keeping it low-key and low-density it doesn't attract attention, nor are we putting massive cap ex into it.

Just in case anyone is wondering I am pursuing the REO referral program I had mentioned.

 I began flipping houses in 2022 and left my 9-to-5 job last year to pursue real estate full time. 

A bootcamp is how we came into the mix.I'm also a real estate agent, and investor that left their W2 in March to pursue real estate ventures full time.  

However, this is not applicable to standard M1-2 zones.Zoning Map Amendments: If the property is not in an MX district, pursuing a zoning map amendment to rezone the area to a district that permits residential use is an option.

REI is a great thing to start to learn about so you are pursuing something with great long-term value, but you have to know that it's not a quick road to get out of the rat race.What financially free means to you could mean something different to someone else so usually what people are seeking is time freedom.

Did you ever pursue the MF lead?

So I'm reaching out here to see what others have done and if leveraging the equity in my first rental would make sense to pursue a 3rd property.

Unless you want to stay in the home or pay the difference out of pocket, you should pursue a short sale.

You may want to check the management contract with your new PMC, to see if they offer collections services.All you can do at this time is pursue your own collection efforts.