Obviously that takes time to rebuild, but hanging out in a second property they own is not burdensome.

You can then get financing either through refinancing the entire debt stack or getting a second mortgage with the same bank that did the first mortgage.  

It was a fun 30 seconds 😂  there is certainly value in the membership. 

I just need help on finding a path to get my hands on the capital  I highly recommend going and taking @Frank Rolfe's MHP bootcamp but also talk to local banksI second that statement.

I'll second Anthony's comment above.

With the income snowball your first property will be in three years, however you will be able to buy your second property in just 4-5 months after your first rental and 3rd property 4-5 months after the second rental, so on and so forth.

For your second question-either refinance it (you say it is mortgage free, so get a mortgage and pull out that money) or try a home equity line of credit (may not work as it is a rental).The difference in insurance quote with 5% and no coverage is ~ $1200 for the year.

Since these were recorded C for deeds full foreclosures had to be done to get the folks out.. then the second one defaults. then the third.. 10 to 20% default rate is the norm with this type of deal.. next thing you know they cant pay the underlying and the sellers are screaming like stuck pigs.. ( the original seller) These guys had no money to prosecute the foreclosures so the people they sold to just squatted.. .

The second year we only spent $25,000, and achieved our original goals.  

Usually there is a second income in the family.