What do you do when in house goes on vacation? 

This prevents the foreclosure from damaging their credit for years, but also does not return equity.The homeowner may consider selling the house on the MLS or FSBO.  

Quote from @Jinxiang Xu: New to being a landlord, and already forked out $20k for foundation repair on this rental house.

If you're just starting out, house hacking a duplex or SFH with an ADU can be a great way to reduce living expenses while building equity. 

I had a rental house that burned down. 

Only the house 5 down with the same sq ft is literally worth 100K more because the neighborhood actually changes in those 5 houses. 

The Housing Wire article chart shows how FHA and VA loan delinquencies are approaching really high historical levels, close to that of the housing crash.We are still at historic lows for conventional loans.

How is the house hack working out for you?

A couple strategies that could make sense for a younger person without experience could be a live-in flip or a house hack.

If you decide to keep your house, you can do an IRRRL after you have made at least 7 payments on your new mortgage.