In a rare case, it could be the second lien that is forclosing meaning the first lane still exists, and you would be on the hook for that.

Opportunity to build a quality portfolio exists at any time and in all kinds of markets. 

There is a lot more state regulations and lending laws change when 5 units or great.

We believe that with the right partnership, this project can still achieve great success.Thank you. its tough to build new in markets were existing properties are selling for far less than new construction per foot..

Hard to produce cash flow or break even with that much debt, at that rate.House-hackers, however enjoy certain one time (non-scalable) advantages that should be taken advantage of in the early days: - They can assume pre-existing debt like VA and FHA Loans (rather than take it on Subject-To which is dramatically riskier).- They can rent by the room and self-manage to produce day 1 cash flow.- Many of these HCOL areas also have strict limitations on AirBnB or short-term rentals... that do not apply to owner-occupants - thus allowing for extreme cashflow potential for house-hackers.

Pricing tools that exist on the market are decent, but you also need to know how to control it, otherwise, it will go nuts with unrealistic rates far out and extreme last-minute discounts. 

So you're going to have to do some research on the existing towns you're looking at to see where it's allowed and where it's not allowed.

If they want one, then make it timesensitive- only for x years; location sensitive- within xx miles ofthe existing facility; make them pay for it, on top of the propertyvalue.P.

While rates for the new loan will be higher, keeping your existing loan intact on the remaining balance preserves that low-cost debt.Use the equity to purchase properties in higher cash-flow markets while retaining ownership of your Bend property.1031 Exchange:If you do sell, a 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds into like-kind properties.

What is the best way to best way to deal with the existing tenants?