You have to explore why they are going into foreclosure.  

Learn the ins and outs of being a landlord, then explore other real estate investing opportunities while you live in your multi-fam practically for free.I think this is the best route to take with $30k in your pockets.

So which sort are you exploring?

Oren K.I tend to agree with you - but we've only every had a single laundry room, so I was wondering if you had explored the value of maintaining all three.Would there be any value to your tenant population if you maintaining the laundry room on the second floor and used the ground floor space for bicycle parking/storage?  

I'm looking to explore all aspects of Real Estate and grow my personal portfolio as well as expand my professional services.

Hi Tom Goans,Can you explore on this a little more if you don't mind?

I bought land in a county when there was a lot of gas exploration and production.

They explored this option but apparently the step mom has to approve a new mortgage/refi bc she's named as a permanant resident/tenant on the will.

I am looking forward to exploring this site more deeply and educating myself on the different areas of investment.William, Louisville is a great city to be, thank you.

Especially remembering that others that read this thread might need warnings too.Having said that...My goal in posting this was to explore ways to make this work.