Whether you're a local or considering investing from out of state, I believe Albuquerque has some unique opportunities, but as always, there are factors to consider.1.

We would love to connect with investors, as well as investor-friendly realtors and property managers in the northern Alabama region.Any insights into the local market or recommendations for neighborhoods to explore further would be greatly appreciated.

Or his investment/local area. 

Hi Michael, we're a national lender, so if you need financing in either locale, feel free to reach out!

Hey Jon would recommend checking out FB groups if you aren't local (looks like you're based in the Bay).

I realize it's just an example and my comment is a generalization but just something to be aware of.With regards to the original question, I think it comes down more to what you want to do and what the offer is for walking away vs. rebuilding.That is the exact example a public insurance adjuster used when speaking to a local investor group a few years ago.

If I were in your and/or your mother-in-laws shoes, I would go to a local bank and use the free and clear house to secure a $150K+ line of credit. 

Learned that I needed a realtor that was local to the property location.

Happy to serve as a resource if you have any questions about the local market.

So we restricted local landlords who rent to families, and soon the town will experience the very real repercussion of no one wanting to rent to families and professionals.