Short sales are no fun.

@Joshua Lee Wegner you can't stop the train if this is slated for sheriff sale...unless there is a redemption opportunity...but you'd need to settle the property owners debt to bring the mortgage current...this doesn't sound like there is any opportunity to acquire this property...it's too late...the only opportunity with these is to negotiate with the lender...sell it short , maybe...have you spoken to the lender? 

I love the idea that @Eric Sullivan employs both the long term tenant and short term tenant strategy to create cash flow!

The neighborhood is still a little rough, but the city is putting a ton of money into the surrounding area and we should see some increases in property value very shortly.

Hi everyone, I have quick question, bought a propoerty on 03/2018, ever since then I have a lot repairs and is not cash flowing, will there be any short term tax involved if i want to sale now on 08/2018Thanks

I am about to put in an offer on a tri-plex for short term rentals.

First of all, one of those types is a short term investment and the other is more long term.   

That would be $87,750.My question has two parts.1) If I take the lended $87,500 along with my $14,000 (min) I fall short of fully funding the reno. 

@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.