Hi Guys,in FL,HOA is foreclosing on a house in a week - Lien of 25k.the property also has a 1st position loan (Reverse mortgage)  that also just started proceedings with no set date or "Final Judgement" numbers yet.On the details of the 1st reverse mortgage foreclosure, its only mentioned that there is 320k principal balance due.The original note of the 1st was issued 2009, with a total sum of 650k, payble up to 2081 (!!).

Brass tacks:4 months into the dealVisited the property a total of 5 timesHired a contractor local in that areaSplit just about $100,000 between my partner and I.

The property is 20 mins from San Diego proper and 30 from the beach.

The house will surely continue to appreciate while I either rent out the property or Airbnb it. 

We are new and have one property right now  but want to find an option that will grow with our business. 

I want to flip a property while I am here.

I am looking for long-term rental property investment opportunities but none of the cities that are published as best places to invest meet the 1% rule.

But since I front 600 feet of his property it was important to him to have input on design and quality.

In the long run, that property will go up in value and this may be a viable option.

Any referrals for agents, property management, and other area professionals would be much appreciated.