Fortunately I was able to purchase a foreclosure back in on 2011 that I currently live in today.  

But you're going to need 5 to 10 times that in sales and marketing budget to get people using it.)As for what I'd do...I would turn that 300k into a relative fortune.

It's a mobile home park so those types of properties often take much longer times to develop into quality deals where the seller finally realizes the park he thought was worth a fortune that he's been running as their personal ATM and doesn't have any credible books for, is not going to sell for much over land value.  

Fortunately he had the help of friends and family that kept him afloat. 

I am in a very fortunate situation where I have the possibility of a $50,000 initial investment from a family member that is looking for minimal return so here is my 5 year plan...Year 1Purchase lot 1 for $50,000 (initial investment) Build 2000 SF spec house 1 at $75/SF = $150,000.00Sale 2000 SF spec house 1 at $130/SF = $260,000.00Year 1 cashflow = $110,000.00Purchase Lot 2 for rental house 1 $30,000.00 Purchase Lot 3 for spec house 2 $50,000.00 $30,000.00 for insurance, realtor fees, taxes, etc. 

This accident is going to cost me a fortune to paint the rest of the bricks myself or replace all of the building bricks to match to new pillar. 

Fortunately for me...10 years later...After many twists and turns in life I've come full circle to embrace my ambitions of becoming a huge rei success story!

fortunately I am not IN this situation- was just a stray thought.

Fortunately for me I only have one deal exposed...closing escrow next week.  

Ive been fortunate to have accumulated a fair amount of cash.