I don’t financially have the funds yet for a down payment since I am working on rebuilding my business so my next strategy is to take the equity out of my home to use for a down payment but that will roughly be $40k so not nearly enough for the normal 20% down.

From a business standpoint, I always recommend separating your STR financials into a dedicated checking account. 

The spike in property value traces to a real estate entity of supreme might and influence in these parts(Harvard University).if someone is willing to clear the foreclosure and do a JV on the upside that would be a good out come just have attorney put together a nice JV agreement and record it post sale.

If you do not sell before a financial bump in though road occurs it will be too late and you will likely lose it all.

We’ve passes on applicants with good financial profiles who wanted to make changes to the lease or the apartment because, as qualified as they were otherwise, they were not willing to rent under our terms.

I would suggest age 50 or 60-89, 20+ year ownership, single family home and specify a home value range.You can also specify Low Financial Stability Scores to find people who are more likely to be motivated sellers.

I am hoping this will increase my holdings and reach my financial goals in a shorter time period than residential.

I worked my way through college as a teller at Pnc bank for 5 years, which gave me a a solid financial knowledge foundation.

Here's my plan:I want to be financially independent by selling my personal residence and investing the proceeds to pay my living expenses.If I net 180k from the sale and use 10k toward the downpayment on my next residence, I'll have 170k left to invest.

You never want to start looking at properties that are ultimately going to be out of your price range, so a pre-approval helps to get you focused financially.