@Andy Mirza@Bob MaleckiAgreed- you cannot 1031 short sale proceeds, discounted payoff, etc.However, after the foreclosure sale and the property is now owned free and clear, isn't it considered real property?

@Ryan Stevens You can get a bridge loan or some other short term financing but you are going to play a lot for it and they are all going to require at 70% LTV so you would need $75k on top of paying upwards of 10% interest on it.Maybe @Andrew Postell has a product he could help you with.

The ADU shall not be used for short-term rentals.

It's short term, you have relatively high rent, just suck it up.

Are profits from wholesaling treated as short term capital gains then?

Is it possible to get short term private money/hard money financing to pay the owner of the house in cash and then secure the FHA loan within a month to pay off the hard money/private lender?

@Drew FeutzThat’s a great way to start and I have also lived in a duplex for short time and it really help me jump start.

There has to be a way of creating a network of low margin, high volume “ sale by agreement off network by owner” real estate transactions where the fee anticipates 2 transactions in a short time i.e the buy then the sell....

Your only option is a short sale, which the bank is not going to hand you on a silver platter.

And the cons: they are next door.So, I’ve also considered a single-fam, short-term vacation rental property in the Vermont ski areas, the Catskills, or some other yet-to-be-researched/discovered location.Anyway, as you can see, I need to keep researching to find out where the best opportunity is for me.