You’re currently getting a 10% return PLUS appreciation.  

Returns you can do just fine.  

What I was trying to say in my response is the units will be easily move in ready on delivery of the property. 

Secondly, the homeowner would need to cooperate as she would need to submit a bunch of paperwork including income statements, tax returns, etc. for the Short Sale application to show that she is insolvent.  

Not a bad return.

You can easily look them up on https://nmlsconsumeraccess.org/If they are a commercial lender, you may want to check for google reviews

A deadbeat renter can easily parry a few annoying phone calls. 

While there's no strict requirement to match the original mortgage terms, reinvesting the full proceeds without financing or using leverage to enhance returns is key.If you don't reinvest the full amount, any shortfall ("boot") will be subject to capital gains tax, and depreciation recapture may apply.This post does not create a CPA-Client relationship.

As loans are offered on preREO at a discount, a payoff or reinstatement would typically generate a good return for the preREO investor.

Our underwriting focuses primarily on the property's return on investment and/or cash flow, rather than personal financial details.