Family visits and occasional STR.      

Doesn’t mean that the house is necessarily vacant.Could be a rental, could be a second home that they occasionally visit.

The title insurer would not dish out the balance (now over $4400 due to late fees) unless they had a signed judgment. 

It's not real estate, but it is rental property that you can occasionally live in. 

@Jeff Rodgers Yeah, multiple offers do happen occasionally on properties that have been sitting on the market for a while.

Occasional PMs will not notify owners of a new lease signed, but that never should have happened when the property was for sale, as rental income is a huge factor when purchasing a property. 

If you enjoy spending your time at the river with a pan in your hand, you can occasionally find a nugget of gold, but the guy that builds the flour mill is much more likely to feed his family well.

A credit union in my market will occasionally lend to out of state investors on commercial properties so there may be on there as well.

Occasionally, properties are appraised below our sales price, but again, that is an appraisal opinion we do not share.

Yes occasionally you can find something with a twist that might break even but generally it will be illegal in some way or unsustainable.However other parts of NZ are definitely do-able.