Quote from @Kris Kempe: Hey BP fam, Have a single family home I got under contract and planned on wholesaling.

After that's under control, focus on increasing income through additional work at your current job, taking on a side hustle, or finding ways to increase income on your existing rental.At the same time, educate yourself.

If it's a "fixer upper" probably under $50,000.

Under classifieds you can post deals.

You can do a lot of damage in Ohio for under $300k.

Assuming you are both working and the rentals are long-term, rental losses up to $25,000 can offset W-2 income if your MAGI is under $150,000, with excess losses carried forward.This post does not create a CPA-Client relationship.

There's also on posted on the Events Forum under Space City REI - I'll try to tag you! 

Hi All,I bought my first 2-family property in CT just under a year ago.

Its under the Events of Default Clause that the holder of the note would rely on a remedy.

If they do, you may have a chance under the scenario you're proposing - if they share your concern for it's condition (although that seems unlikely since they've been living with it the way it is for some time, it seems).If you own it, it's pretty lowbrow to expect a neighbor to invest in your property.