After 5 years you’ll likely have accumulated an additional quarter of a million in assets.

I'm not sure if Oklahoma requires filing or not, but it's good practice to do as you'll be able to accumulate carryover losses that will offset future tax years where you do have income.

If you go to the clerk's office you can read the actual foreclosure file and at least see when the last payment was made from the initial complaint.....then you can guess at accumulated interest, late fees, any taxes or force placed insurance, attorney fees, court costs, etc.

With this approach, you may maintain a small income while accumulating equity and offsetting housing expenditures.Investing in rental properties: In reasonably priced locations, you may purchase economical single-family homes or modest multi-unit buildings.

This is not legal advice please consult with you attorney).Consider a step-by-step process increasing the pressure on the tenant with each step while accumulating documentation (which will be needed in Eviction Court):As per the prior comment, first contact the State Agency sponsoring/funding the Section 8 payments and document for them all the issues to see if a resolution can be reached.

Either way, grow/accumulate some more wealth just in case. 

@Michael Baum based on all of the equity you have accumulated in your lake house, do you think you could get a better “return on equity” by diversifying into other real estate assets? 

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Networking and becoming involved in the investment space is a great way to bridge the gap between accumulating knowledge (reading, videos, etc) and closing your first deal.

@Alex ClarkCongrats for accumulating $100K to invest at the age of 21.