If i purchase this HOA/COA lien i am wondering what are my options when it comes to the mortgage. i know there are 4 options for sure1) Notify the lender of the situation and payoff the mortgage2) Don't do anything, rent it out and let it get foreclosed on3) Flip the property quickly as possible before it gets foreclosed on (the mortgage will get paid off)4) Sell the property as is at a slight discount to recent comps (the mortgage will get paid off)This is the one I'm not so sure about5) Notify the lender of the situation and let me continue making the payments on the mortgage for a long term rental playmy question is, is #5 doable?

In 2022, I sold quite a few stock options so my taxes that year were a lot higher than normal years and I was expecting 2023 to go back to what I consider normal. 

Yes, there are several investors taking interest in Wilkes-Barre, PA, due to its vibrant community and affordable property options.

Enter into an option contract to buy your replacement property4.

@Julia Trudeau,With self-directed 401k you have virtually unlimited investment options.

The downside of course is that you cannot take advantage of the lower down payment option.

As you scale, there are software tools, but right now that shouldn't be your primary concern.Another option is you can self manage, but use a PM for leasing.

Now I have a few thousand dollars saved up with no debt and access to about 5K in borrowing power.

Within the past 2 weeks I got 2 capital calls from different sponsors, I'm assuming that there are many deals in similar situations.The sponsors are saying, If they have enough capital to bring occupancy to 90% they will have better options to refinance or sell.

I know cash is "king", but for me I would be the option #2.