This single hit to my credit rating has reduced my score to 629, which is considered sub-prime.

I own and manage a multi-tenant office building and a single-tenant NNN industrial property.

We are individuals who buy real estate (single family houses, duplexes, multiple apartment units, commercial properties, etc.) for profit.

Single bath houses have been "obsolete" since about 1980.Spend a year getting a "real world" (ie; non guru) feel for this house and how your expenses and operation are working.

The concept of lease-option to increase rent is tried and true.However, in your case with a condo...you did the right thing to sell it.Never buy a condo as a rental...the long haul for real estate is appreciation, increased rents and keeping expenses low.Condo dues...no land...all go the other way...Stick with single family homes in working class neighborhoods...Good Luck!

If you go back in history, you'll see that there hasn't been a single generation that hasn't experienced an economic collapes - except this one.

As you can see I need as much guidance and direction pointing as i can get...I'm thinking in the near future to buy at least a single where i can generate some cash flow through rentals.

It will tell you every single sale for the whole year daily.

I mean my brother's house literally doubled in value within that period and for some reason my dad saw it coming and got some kind of deal from hud on a house way below market and built up from a single townhome to 5 townhouses all on rent right now, worth a bundle more then what he paid.

lol) grammar remembering how we had to do an entire paper over again on a typewriter to correct a single word.