Personally, I would not keep a rental that is not expected to cash flow. 

Hey Account Closed - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

Neighborhoods there are usually in better shape (although Baltimore is very much block by block), and in my opinion, the quality of the tenant pool is much better.Oh, and great idea checking out the properties in person—the pictures you see on the MLS can be very deceptive lol.

Our focus is on cutting-edge strategies and an action-oriented approach, ensuring you leave with a concrete game plan, not just outdated information and notes.What's New for 2025Event App: Easily manage sessions and scheduleTargeted Session Tracks: Personalized recommendations for your investing experience levelIncredible Keynote Speakers: Two of our Three keynote speakers have been announced. 🔥 Chris Voss"The Master Negotiator” & Author of Never Split the DifferenceLearn high-stakes FBI negotiation techniques for real estate deals 🏆 Dave MeyerHead of real estate investing at BiggerPockets14+ years of experience in real estate investingExpert in housing market analysis and investment strategyVenue: This year BPCON will be held at the legendary Caesars Palace in Las Vegas.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

As a beginner, I would personally get my feet wet with something a little less risky without a balloon payment like that.

This is probably a place where you go to one of the personal loan sites to borrow money or maybe a credit union. 

Personally, I wouldn't open up a home that isn't in good repair, from a liability standpoint if nothing else.

Personally if you are looking to grow in real estate going the traditional method/way of getting good properties under agreement with traditional financing will get you to where you want to go faster than trying to find all the needles in a haystack.

I also have a personal relationship with my contractor so got a massive price break.