I know from the a deed recorded last month that FreddieMac got house from foreclosed former owner for 180k.

Feel free to shoot me a connection request/DM to discuss 1:1.

For example, if you own a property with $400k in equity and you can still easily cash flow with a $300k cash out what is the down side to doing this?

I have spoken to my neighbours but they do not know who the HOA board members are ( it is a large complex with 100 + townhouses).It is very strange but it has not proved to be a problem in the past as the management company deal with the properties externally ( eg painting ) and the common parts and have always done so competently and individual oners deal with the inside of the properties.They are now proceeding with the painting without doing anything about the termites.

Or check out a job they are on..

Second, the investment may have been made anticipating a chance of failure; for example an investment may correctly analyze that it has a 50% chance of a 25% ROI, a 35% chance of a 50% ROI, and a 15% chance of a 50% loss.  

I am specifically looking at a 1985 Connor Industries home.

One of the reasons why I’m bullish on real estate investing is because I am more afraid of the “what if I didn’t invest” rather than the “what if it goes wrong.”Yes, I could fail and lose everything I started with, but I’d still be farther along than if I never started at all.I’d have the knowledge, skills, and lessons that only come from taking action.Every misstep is a step forward when you’re learning and adapting.The real risk isn’t failure, it’s standing still and letting fear hold you back.Take action!!!

If I wanted more information, I'd call some of the rental units for sale, property managers, and real estate agents in the area to get a pulse on what's going on down there.

Just messaged him a link to this post, hopefully he can pop in and share.