Good luck whichever way you go bud.

No, intrensic or replacement values have nothing to do with your valuation of cost or market, whichever is less.

I would then stretch the remaining $35K over 30 years or due upon settlement with the IRS, whichever comes first.

As a newbie, I really appreciate your realistic representation of possible outcomes with rental properties in a transitioning area.Best of luck waiting it out or running, whichever you chose!

Thank you so much @Paul Ewing@Aaron Hall@Jeff RabinowitzAccount ClosedFor your help and support.The house is on a flat rent base and is not charged per room,the tenant is responsible for all of the bills.I have this wording on the lease," Tenant may not permit any guest to stay on the property longer than the amount of time permitted by any owner association rule or restrictive covenants or 15 days without landlord's written permission,whichever is less."

Since there are different types of buyers that want completely different purchases, you will be fine, whichever you decide.

Just to be sure that they aren't just trying to get me off the phone.If they ask how you got the info that it was scheduled for Mortgage Sale, just tell them its on public record (it will be public record by whichever city is selling it).If they are interested.

Choose the type of property: Consider the type of property you want to invest in, I'd choose a MFH over a SFH anytime however, you may do whichever one you like.

Either the appraised value or the sales price, whichever is lower.So, $80,000 loan on a $100,000 house would be a 80% LTV.FHA loans will normally allow a borrower to put down as little as 3.5%.

I would definitely shop all of them and go with whichever one offers you what you are looking for.