Would people say your underwriting was good or bad?

How bad is this going to continue to hold back the CRE market?

I reeeeeeeally wanted this to be true, too, I wanted to believe him so bad.

I would say if you do jump in without physically going to the area...you should definitely buy in a nicer neighborhood (I hear too many stories with new investors getting burned investing in bad neighborhoods). 

If you can pay off the HELOC quickly, that is not bad way to go. 

Dear Geri, Very, very sorry to hear about this investment gone bad.

Others have little/no experience and will give you bad advice that takes you down the wrong path.I recommend you focus on educating yourself while saving more money. 

Consult with competent legal counsel to guide you regardless of your choice here.

The issue I see is that market has historical appreciation below average (not bad, but slightly poor).  

My credit got negatively affected but we’re in the process of building hers ( she had no credit nor bad credit) I think we’ll have her credit above say a 700 in the next 6-12 months.