My vote is option one.  

With your income and the option to use an FHA loan, buying a home could be a smart move, especially if you plan to rent it out later.

So yes, you can fix and flip, or hold as a rental, or whatever.Thank you, so market auction is the best option in your opinion?

Looks like you have some good options in front of you @Martin Phinney.

I had an experience with a terrible tenant who reported me for a bogus claim but by making the claim it allowed me to gain access needed to get photos of the condition of the property, and then the tenant refused to allow maintenance people in which really helped prove my side of the situation.If possible, explore alternative dispute resolution options like offering the tenants a cash-for-keys agreement.

We are proud to offer a wide range of loan options at competitive rates.

I have considered turnkey properties as an option

Otherwise, I recommend option two, using a personal loan.

With countless loan options, complex terms, and strict lending criteria, it’s easy to feel overwhelmed.

The condo will limit the rental options to age restrictions.