Never ever again, if I had a choice!

If he forces sale it may not bring sufficient amounts, he has little recourse to collect from you, if it sells for more you get the overage after costs.Already pointed out above the LTV, the purchase was within a year they will look at the lower of the purchase price or appraised value.

I don't advertise having a disposer and give the tenant a choice - keep the disposer as is until it breaks and then it will be removed, or have it removed prior to occupancy. 

One thing is make sure your lights work, each light switch has a cover, any kind of porch, steps and hand rails are solid, there is hot water, grass is cut, sufficient garbage bins..I got violation for all of those..

LLC seems to be the entity of choice to hold real estate.

Acct Size will be ~200KAny tips on which SDIRA vendor is a good choice?

Some have paid with a money order or cash instead, but that was their choice...not something I've required.Lawn Care:  I take care of it, but then I live on the property also.Maintenance issues:  Same.Late Fees:  I have toyed with two ideas. 

The function with the right flooring can still be a mudroom entry to the laundry area, just leave a sufficient traffic path.

I believe that you have a couple of choices.1) If you can get the property under contract at a discounted rate, you could wholesale it to another investor for a fee.2) You could talk with the vendor and see it they are willing to do a seller finance with a smaller down payment, using whatever you have left over to try and repair. or even talk with the vendor and see if they want to partner with you.3) find some one you trust who has what you are missing and partner up.4) pass this by, knowing that you will find another deal, and gear yourself up (fix credit/no money issues) with the goal to fix and flipsome basic ideas. you can search the site for more forums on what you need.Good luck!

However, it is a viable solution if you've no other choice - just be aware of the drawbacks...