I’m just beginning i want to learn more about doing corporate housing with insurance so looking to network 

Many houses in Trinidad were built by inexperienced homeowners where you may find lots of hidden repairs.

I’d like to put a primary mortgage on it during renovation (once livable) to get the 12 month rental clock rolling.I know that I must live in this house the “majority of the year”.

House is worth 140k conservatively once fixed up. 

Right now just less houses and better houses.

This lack of sophistication with money leads many to avoid using credit at all and just continuing to operate within their comfort zone.

This rise underscores the continued strength of the multifamily sector, with over 60,000 units absorbed during the month, setting the stage for a potentially record-breaking third quarter.Midwest and Northeast Markets Lead the WayLouisville, Kentucky, continues to dominate the multifamily market, leading the top 50 U.S. markets with a year-over-year asking rent increase of 4.3% at the end of July.

Syndication investors are learning hard lessons about finding quality operators who will transparently share good AND bad news with investors.In your case, I would continue asking questions and looking for information - that is the only way you can find out if it's truly a failed deal or not.

But, I am thinking about house hacking in the near future and renting out by the room.

There is also no open house for this property, I would have to buy it sight unseen.