I just think its hilarious that so many real estate investors are just immediately writing it off without any due diligence.

Exploring foreclosures, REOs, or sheriff sales can be good opportunities, but they require due diligence and possibly some cash reserves.

Owner-financing can be a great strategy for passive income, but since you are now the bank, you need to do due diligence on the borrower to make sure they can make those payments. 

Having 90k is a good thing, but you don't want to take what you have so diligently saved and invest it in an asset and asset type that you have no experience with.

A higher deductible for a lower premium might be good if you are diligent about saving that money to have available in case of a claim.

We're diligently preparing these lots, anticipating a market rebound.Navigating through this unusual market has been tough, but I am confident that the experience and perseverance will pay dividends in the long run

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Very kind.I think it's like most of my experiences in corporate.... do your due diligence!

During your due diligence, you should connect with a mortgage broker, realtor, and contractors to gather enough information to make an informed decision.

@Nicholas Williams if you're doing a condo, just make sure to do your due diligence with the HOA that they allow the type of rental you are planning to do and that they are at capacity still to allow more.