So, basically the lender foreclosing sends a lawyer to represent them at the sale and the lawyer is announcing what the lender is willing to bid up to to take the property.

Other option are to to roofstock and buy already rented homes out of state - seems too much a of leap for a first timer.

Being new to to this, I’m sure I’m a little naïve as well, so any thoughts, feedback, or advise to consider is greatly appreciated.

The particulars:Mortgage: $330k @ 2.5% - ($324k remaining)Mortgage payment (including taxes and HOA): $2100Comps in the area selling for: $340k - $360kComps renting in the area for: $2300-$2800 / moOne of the financial considerations is that my relocation package will cover all of the seller’s fees (realtor fees, etc) should I decide to sell.I do have family and friends in the area that could serve as my property management should somebody local be needed.I know that selling and getting my money (~$25k) back out would be the safest and easiest route, but I know that with the risk of renting comes the potential rewards towards building wealth as well.Being new to to this, I’m sure I’m a little naïve as well, so any thoughts, feedback, or advise to consider is greatly appreciated.Thank you,Tony C

Hi everybody, I just recently moved to GrandRapids Michigan and I’m having a hell of time trying to to find a place to rent in the city.

Food for thought to any landlord who wishes all their minority tenants where white; you should only invest in white communities and over the long run believe me, it will help to to avoid all kinds of negative situations that will directly come for you. 

But I see condos are going way below asking price ( even up to to 300k below asking price )   Although it is my primary residence I though it might be a good investment to sell at max in Danville and buy a condo with massive price cut at SF .

In an attempt to level out the situation the unintended consequences are going to to be catastrophic.  

I'll also say that if everything is R1 and there are no other small multi's in the neighborhood, you'll probably have an uphill climb getting it rezoned to to R2 due to neighbors most likely complaining. 

Use that money to to buy about 1.2-1.4MM in investment properties whether it be 3-4 SFH or a MFH (not familiar with the area), and use excess cash for some value add cosmetic work if available.