General BackgroundNewbie investorNo credit available (poor credit and repo due to major health issue).Multiple tax years of returns due (nominal to no income)Unplanned ownership from inheritance and Florida Condo Collapse.Need to do a 1031 exchange and avoid capital gains while trying to invest in my own residential property.ScenarioI have a paid off condominium property located in Florida.

We really stretched ourselves thin. we did not perform our own inspections because we were busy raising finances .. and our agent insisted we use the same company who did the initial inspections to “get a report in our name” .. we went for visual inspection with our agent and found the master bathtub was  upside down — they said there was a chip and seller was fixing the tub.

Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs. https://abc6onyourside.com/news/local/new-osu-hospital-expected-to-transform-health-careHere are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.  

It has a hot tub on the property as well but not sure of the condition and hasn't been used in years.

You would be surprised how many people sue their landlords  because of the 3, 4th, 5th, 6th, 7th, and 8 second hand smokers affect their health and anyone that touches the door knobs.

How are you affording health insurance?

You can use recent purchase price and go up to 75% LTV with 650+ fico if property is 70% occupied with no health and safety issues. 

I'll list some of the other items (like kitty litter spilled under the fridge and trash under the tub) but not charge for those. 

Maybe a PB court in the summer and a hot tub on the court in the winter? 

I'm particularly interested in the Poconos and Upstate NY (Catskills region).Outside of real estate, I enjoy working as a mental health therapist and traveling the world with my family!