It's government money, there is no reason to spend money to improve the property simply maintain it to the agencies standards.

Not just because he has no experience in Housing but also because he has stated his opposition to government assistance programs.

The way the government is printing money, $1M today will be the equivalent of $1B in 10 or 20 years.

My understanding is a tax deed / lien trumps all mortgages and liens except state and federal. 

, we'll eventually have to pay the piper and it's a whole lot easier for governments to pay debts in dollars that are worth less and less.  

I second @Andy Mirza  This definition from the SEC Investor.gov site is helpful:Under the federal securities laws, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements.

If your vacation home happens to be located near a major event — like a PGA golf tournament or a big multi-day concert — you may be able to rent the place out for a short period even at high rates and pay zero federal income tax.Tax-smart year-end strategy: The more rental days between now and year-end, the better — as long as they don’t exceed 14 days for the year.Rented more than 14 days with substantial personal useYour vacation home falls into this category if you rent it for more than 14 days during the year and your personal use exceeds the greater of:(1) 14 days or (2) 10% of the rental days.

I have actually thought the same thing re: selling this large property and buying smaller ones but it seems it is very cost-prohibitive to buy properties right now, especially due to the COVID- induced, mad-dash for single family homes.Here are some facts about me and some goals:1 - recently retired from mil/ government service and now setting my sights on real-estate investing, with an emphasis on the BRRR method.  

A conventional loan is a loan backed by Fannie Mae or Freddie Mac not a government funded loan like FHA. 

If the tenant does not have the ability to pay, he needs to move out and seek government help if needed or move to another affordable rental.