I purchased it as a single family with a VA loan and used the BRRR strategy.

Maybe a more cunning way to move forward would be to own a motel, maybe with a very experienced motel business partner.Or maybe a Pool Hall, or an LP in a new waterpark, or something like that.I've seen hard times crush men, and I've seen hard times make men refused to be crushed and come back X a ton.It's all in the mind and the will to keep fighting.Many in here have given possible ways forward.It would seem wise to focus on building up a pile of cash again.Talk to your tax consultant about the specifics of your situation too.....Good Luck!

Here is the scenario.The current property purchase price is $250k, promissory note is $450k, let's say the property sells at $1M.

Welcome to BP and congrats on your upcoming purchase!

I'm in Canada, but we go through a lawyer (or notary) when purchasing or selling a home. 

Hello,I recently purchased an affordable property in Louisville, KY and I will be managing the property using Appfolio, which has an "Affordable" module.

Purchase price: $101,000 Cash invested: $10,000 Sale price: $180,000 This was my first property I ever bought.

We were struggling/ hated hours spent on potential profitability of the purchase in all the calculators by copypasting, and using background in tech created rei-lense.com to get all the numbers on the spot which saves so much time! 

What is the purchase process like.

Purchase price: $80,000 Cash invested: $72,900 We have less than 2 weeks left in our fix and hold project in Pittsburgh, PA.