The land is mostly forested with a year-round stream running through it - it's beautiful and private and was largely unaffected by the recent floods as it sits high up and consists of large hills.

Court of Appeals for the District of Columbia made a ruling that opens the door for a renewed investigation into the National Association of Realtors.The Justice Department will reopen an antitrust investigation into the National Association of Realtors, an influential trade group that has held sway over the residential real estate industry for decades.

You have to run your own numbers but compared to a 203k loan the NACA lower rate and no closing costs were a slam dunk even including the potential 25k.

If they are running late -- that usually translates to we are looking at another place right now.  

Your feedback make sense.1) I am in the North east so buying more doors is an arduous task so I don't plan to be a RE investor with many doors (because I won't have enough money).2) Other reason is that even if I somehow got another rental, chances of making positive cashflow given current prices/interest rates is remote (especially given I am not a seasoned RE investor).3) I don't have an urgent need for money.Given these three points, I don't know what passive profits would I apply my rental loss of $26K against...unless you can think of a way I can use this loss to ease my way into an additional rental.Else, I agree, I can hold onto the rental for as long as I need to and then sell and use the loss then.Thanks for the guidance!

The only way to know a good HOA from a bad is to actually go around and knock on neighbors doors.

Front door and basement cellar door for exit to street.

Other than facebook groups, which I run a couple, there isn't many other places that you can post / discuss tax sale investing. 

After doing this, I then run the property through Airdna.co and/or Mashvisor.com  Both of these tools will give you projections of what type of rental rates, price per night, bookings, occupancy, seasonal variations, etc. 

It was already perfectly set up for it with almost all water hook-ups in place already (wet bars, previous basement kitchens, etc.) and I mainly just had to remodel and put a few exterior doors in place to separate areas.