I would look at taking down a multi-family with a master lease with option to purchase (use the $420,000 for option payment, rehab, and increasing cash flow of the property) or, I would look into the Senior Living Space.

Hi all,Looking for anyone who has property management experience with Mulit-unit (non-senior) HUD Project properties.There is a ~30 unit property in Ohio that I have under contract but the PM I am in discussions with is saying that they need a much larger budget for maintenance, administration, etc. then the current operator is showing.On the one hand, I respect the PM, feel that they are trustworthy and they want to take this on.

Then you work those and easy to have a conversation about those.Then if you want to work lists...pick a niche you like and are comfortable with....maybe it is a list of senior parents....you know...kid going to college next year, parents want to downsize....or code violations....or people going through divorce, or pre-foreclosures, and the niches go on and on....there are all kinds of list providers around. 

I was not informed about the problem but even if I was one cannot possibly expect to take an action with less than 24 hrs. notice.I am not sure how this city operates but here in California we were given notice and then we were given 10-15 days to fix the problem (some of that time is eaten by the USPS to deliver the mail).I understand that the city has laws to protect it's citizens from bad landlords/neighbors and fines need to be levied on people that do not care to maintain their properties but at least tell me what I should be paying you for.

I listen to speakers.There's another common thought: -I'm broke, and I'll go talk to sellers now, -even though don't have any training, -even though I don't even have an attorney for my agreements, -even though I do not have a buyer's list, etc.That's ready fire aim.Most of senior people on BiggerPockets see this time again that people are poorly trained.

Hi BP community,I'm currently a senior in highschool soaking up a ton of information from podcasts and books on real estate investing.

Yet ignore that the citizens, especially the poor, are getting screwed by the government.

Vasily I do not understand your question.Are you a citizen here or do you mean you are thinking of investing here but live abroad??

You are not going to get a new senior lender to take a second position, you will have to satisfy the first mortgage.

You'll also want to make sure the borrowers have no redemption rights before you make any payments to the senior lenders.