@Andrew Nguyen, the contract you signed allowed them to do that?

Welcome to BiggerPockets, Douglas! 

It's the one thing that will take your from analysis paralysis to action because it's the only way to put the learning you've done from podcasts and books into real life - by talking with others who have done what you want to do or who are trying to do what you want to do.Get your finances set and talk to a lender so you know what you can afford.Stay local.

B) Worst case is I sell my current home, move into the foreclosure, live in it for 2 years, and then resell without the capital gains tax hit.  

I had to add a couple more counties to my lists, and still very slim. 

Hi BiggerPockets community,Our group in Bushwick, Brookyln is looking to buy a multifamily property and set it up as a co-op.

If I wanted to transition it to an LTR in the future, my best guess is that I could probably find a tenant for around $1,700-1,800/month without too much issue. 

There are literally thousands of discussions on this topic if you care to research them.

How quickly things rent in certain zip codes vs. others (you can look up days on market for rental units on the local MLS).

Does it make sense to cheap out over the few thousand dollars it will cost to go through a proper escrow and title process?