He's like one of the family?

You don’t need to tackle every avenue of real estate right away—be clear about your goals, whether it’s single-family flips, rentals, or another niche in your local market.

Hi Dave in Northern, NJ-I am sorry to hear you have a single family rental facing foreclosure.You have it in an LLC and wonder what your options may be to delay foreclosure.Lenders do not want to take properties back and have a nonperforming loan.The best time to work with your lender is as soon as possible but certainly before the sheriff's sale.After the sheriff's sale, there is a redemption period where you can still sell it and the length of time varies from state to state and may depend on if it is vacant (avoid that for a variety of reasons), if tenants have a lease and have rights, or if someone is occupying the property.Working with the lender may not be easy but do not give up.Also, reach out to investors, who buy properties in foreclosure or pre-foreclosure, and see if they would be interested in curing the default and buying the property.To Your Success!

They call it a tribe, a family, or something similar, giving people the sense they belong to something special—often creating a tight-knit environment that makes it harder to question what’s really being offered.So, what’s the takeaway?

Hi All,I bought a single family converted duplex 136k from a wholesaler  and spent 200k so far as I did not get opportunity to do proper due diligence. 

To be honest, I'm not exactly sure how much money I would lose, purchasing a home is a very emotional thing for my, my wife and I find it really hard to get honest answers or comparisons from family or colleagues about how much money it would set us back, so I am only assuming the worst and hoping someone here can advise.

the value added versus cost to add, especially in single family zoned areas, typically results in a large negative initial position.  

Research local rental demand, especially from military and university tenants, and consider balancing your portfolio with single-family and multi-family homes.

Quote from @Eli Fazzo: Hey Bp family, I’m looking to move to Lexington, South Carolina area within the next year or so.

For all multi-family properties we always handle the lawn care as there are common areas so we can't expect the tenants to care for it.When sending the security deposit claim we state the additional cost that is owed for damages even if the entire security deposit is claimed for other damages.