Also (if you choose well), you are hiring a manager who has many more years of experience than you can ever hope to have, and will avoid rookie mistakes.The downside is that not everyone feels comfortable doing due diligence on sponsors.

From choosing a property management company to landscaping companies.  

Vanessa, If you choose the seller financed route, you could potentially continue investing under the bank's stringent debt-to-income radar, so to speak.

We have most of S.America to choose partnerships from to forge a new, better relationship with.

Hard to find good ones that are cheapThere is 3 options, Good, Fast, Cheap; a person can choose any 2- If it's Fast & Cheap it won't be Good- If it's Good & Cheap it won't be Fast- If it's Good & Fast it won't be Cheap

You do not need to take on new debt for the $450,000 reinvestment unless you choose to do so for other financial reasons.If you have further questions or need clarification, feel free to ask!

If someone would choose a new, small 2/1 for 250K or a 3/1 1950s build for 250K they would choose the bigger one all day long.

If I had to choose between the two I'd say Doorloop.

Some of the materials we choose and asked him to pick up (such as flooring) he replaced with low quality materials, I assume to keep more of our money for himself. 

The timeline for reconstruction is decades, many will choose not to rebuild or re-take the risk.