The main criteria to evaluate this is when did you complete the start-up phase and became actively engaged in business?

And, for what it's worth, the ultra ridiculousness that allows the streets to be so unclean is easily fixable in a single election.

The builder could easily take on the project itself.

Thanks for your advice as well—it’s much appreciated and will be carefully evaluated.

With a 7% interest rate and high HOA fees, the key is evaluating if your skills and investments can generate higher returns elsewhere.

It's called a payoff statementif it's a big lender you will not buy the loan as it will take forever, you are better just paying it off. you then can foreclose based on the total balance owed to you which is both loans and any accrued interest. regarding fixing property or selling as is, that really depends and needs to be evaluated on a case by case basis 

I’d easily be $15MM more ahead in my investing career if I’d have focused on that for the 23 years it took me to get really going.

The property will need to have a slight rehab to get it up to STR standards, but when complete it should easily be a $200k Gross booking revenue property.

Do some smaller dollar private lendingA property is too capital intensive and $20k will not get you very far.You also did not describe what level of risk you want to take, so that is something also to take into consideration when evaluating where to invest.

If it went to a trial you would easily be 3 years out before it gets resolved.