However, most new investors make a much lower return and could be upside-down for a long time.Cashing out equity to invest presented much less risk when mortgage rates were 3% and properties were producing better returns.For a green investor, borrowing money so you can borrow money is high-risk.

Quote from @Cameron Green: Hi Josh,You can definitely dispute the classification of your property to reflect it as a 3-bedroom instead of a "Den."

Along with the condo fees come the amenities (gym, pickleball, boat docks, tennis, putting green, heated pool, etc.).  

That company supports foreclose bidders they produce a document daily on all the sales with same info I mentioned above and color coded certain props with extra caution Red or Green for ready to go bid with confidence. although this created uber competition. 

So, they didn't realize they essentially purchased land that is completely worthless beyond just serving as a green space. 

@James Green that’s awesome!

Another thing to consider is the compression that is coming into the area.

@Jonathan Greene yes for newcomers but did you see my other posts?

Quote from @Jonathan Greene: In Florida, for example, they buy a majority from the MLS, which makes no sense at all for an investor.

I'd echo @Jonathan Greene right away don't over leverage your current property because your cash flow will drop quickly.I'd consider thinking about your goals, vision, and why, for investing?