By far the best learning experience in this numbers game, while you are getting licensed, is driving for dollars, knocking on doors, and cold calling.

Well if you sell the only way it makes sense is with a 1031 or you'd drop all your hard earned gain for a better return and that's a break even game - no fun for anyone.Cash out refi - watch out in an environment of rising rates. 

haha I still think South Bend is up and coming with the South Shore expansion, Notre Dame involvement, employment increases across multiple business categories throughout the entire region, and government support of a revival in downtown.

It's about as nonsensical a way to get in the R E game as there is. 

If your local market has a shortage of open apartments, people may be applying to multiple places even if they aren't sure they want it, in an attempt to secure housing.

However, please next time give us a quick background so we don't think you are out of your game.  

Plenty of locals lost properties too, and I am guessing there were multiple factors at play there.

The situation is this: My Grandfather passed about 20 years ago and left his estate to 4 children, uncle1, uncle2, aunt and my fatherThere are multiple properties/parcels (6 total) in the estate that are co-owned by the 4 siblings, all 4 names on the deeds.Uncle1 defaulted on his personal mortgageLien holder(bank) repo’d his home but home was underwater, and thus still owed beyond the repo.Lien holder found out about the shared/partner assets that uncle1 had with siblings and decided to go after themI'm not clear on the exact process, but I believe the bank will take possession of uncle1 (1/4) share in the partnership properties then will legally force the 4 way partnership to be dissolved through a court proceeding.The other partners or another investor are able to buyout the bank owned (1/4) share at an appraisal price.The appraisal is filed with the court so there are no shenanigans with valuationIf no buyout then the whole property goes to sheriff saleTwo of the parcels are rental income farmland, these are the ones I'd be interested in investing inNobody in my family nor my grandfather are/were farmers, the acreage has always been rented outI’m trying to determine whether I can buy out Uncle's1 share from the lien holder bank at the appraisal price with an IRA LLC and become the 4th partner?

Hello,I've been digging into real estate markets to get started in the rental property game.

However, that’s not my game plan anyway.