You might be able to save on the primary, depends on total liquid cash, FICO, loan to value, cannot be in forbearance, and ins and outs terms...

Rent out rooms to increase your cash-flow and when you are ready, do a 1031 exchange into a larger property or buy another.

Where I think their place is is if you are completely hands off and have a pm take care of all decisions and management, especially for a larger multi. 

Do your liquid cash savings allow you to comfortably have multiple months of savings for vacancies, big expenses, etc for both properties?

Hi All,While there's a lot of buzz around Oregon's ADU laws in medium and larger cities, those with rural residential parcels may be interested to follow Senate Bill 391, which already passed the OR Senate and is in the House now.

The contract was a C.A.R. land purchase agreement with a liquidated damages provision. - The buyers signed the release of contingencies at the end of the 60 days due diligence period - Buyers didn’t perform and asked an escrow extension of 4 months which was granted against a full release of the earnest deposit - Buyer signed the release and EM was transfered by the escrow company to my account- After the 4 months period buyers failed too close again- I served a notice to perform as well as a demand to close escrow- Sent the cancellation of contract and escrow but buyers refused to sign and informally communicated their desire to recover their EM- I refused to return the EMWhile the contract is likely dead, the unfortunate consequence of this situation is that the open escrow must be disclosed to the new prospective buyers which obviously is a turn off and causes me financial damages.I talked to an attorney who thinks the contract is void and suggested sending a formal letter to the buyers from his office to have them sign the cancellationThoughts anyone?

You take the risk on and inturn should have a larger reward if you bought correctly.Hope that helps

I'm fortunate to be able to cover the larger mortgage on my own, so it's not the end of the world.

It certainly did for me.I started out buying turn key rentals because they were easy to buy and workedOnce I got more confident, I started rehabbing ugly houses, making a much larger profitThen I started investing passively in multifamily deals, which allowed me to invest big chunks quicklyThen I syndicated a small apartment, gaining experience and building my capitalNow we are syndicating large apartments with large staff and property management.From a percentage basis, the houses I was rehabbing was probably the most profitable, but you can only invest in small chunks and it takes time.

It gives you some liquidity, but you don't have any interest to access that money until you draw on the line of credit.