Now it's 45 days with no rent and you realize something is wrong.

If you, as an investor don't fully understand what it takes to manage a specific type of home in that market, you'll make unwise purchasing decisions.

There are many here on BP as well as many on Linkedin that you could reach out to and they all have forms to fill out for deal specific information.I think trying to walk into offices will not be best use of time.

Are you using a specific property management software to handle this automatically, or do you have a different system in place to ensure accurate tax reporting?

If that is the case it would require a 1031 which is just another layer to the process but ultimately not really that complicated.Without knowing how much repair work would be needed it's difficult to give specific advice.

The short sale real estate agent should be able to advise you on all of the loss mitigation options and laws specific to your state and help you with each option prior to listing for sale as a short sale and trying to liquidate the property.

And those requirements might be different if you’re using an FHA loan or a Conventional loan.Give me a shout if you want to know more about a specific loan scenario.

Need more specific investing strategies?

Surprisingly there are not a ton of units available, saturation is not a huge issue in those specific areas. 

Was it a specific moment or just a long-term goal?