Second, you can take this opportunity to have a conversation with the current occupants and make sure you get all of the people living at the property screened and added onto the lease. 

yeah get out of that when it recovers and self directed IRA conversion to buy more houses :)

I had a long conversation with my PM last week stating, I would like this to be resolved asap (either payment or quick turnover).

Just pinging this conversation so maybe someone will chime in.

Use.Rently.com — (UPDATE), I just had a high-level conversation with Brian (Sales) and Joe (Dev Team), and the conversation went very well! 

Was having a fun, purely academic conversation with someone and somehow the topic went from the stock market, ETF's, to real estate, to BRRR's and either he or I or both us came up with this and wondered is this a legit strategy that others have used?

Otherwise it was $17k without conversions.

Im happy to have that conversation with you on what to expect and where in that zip code you might want to stay out of.

Check them all out and see which would be the easiest conversion from your current situation. 

No one recorded any deed in a foreclosure, unless the sale happened, and then it would be a trustee's deed upon sale and if that happened, all this conversation is for naught.