This means the terms and requirements of the loan will be different, so it's important to shop around and find the best option for your situation.Managing a larger building will also require more time and resources.

Section 8 may be an option as their vouchers are less concerned with specific locations in the city.Another point I want to bring up is your equity position.

@Shah Kadirmohideen Happy to take a look at some long term options with you.

As you plan to reset and pursue your goal of attaining $5,000/month in positive cash flow with decent liquidity, partnering with other investors could be a valuable option to consider.There's a famous quote that says, "If you want to travel fast, travel alone; however, if you want to travel far, travel in a group."

You can invest in real estate with as little as $25-50K if you are open to exploring other options.

Could be an option for you there in SD...

After the rehab/rebuild is finished what would the most lucrative option be?

Outside of that you don't have many options if a lease is active, and they haven't done anything wrong (legally). 

Hey Everyone,
I bought my first 3 Family Home (Multi Family) back in December of 2021 in RI. Took me just about 2 years to finish renovating the 3rd and 2nd floor. I did all the work myself pretty much which is why i...

Of course, this won't work for everyone but I do think it's a great option!