Costs are converted to dollars.Selling Price: $22,193 (foreclosed property)Floor size: 100 sqmLot size: 70 sqmNo. of Bedrooms: 2Toilet&Bath: 1Car Garage: 1I cannot post the property photo but I can somehow describe it.

We have spoken to one of the previous owners who advised that there is an unfinished upper area (somewhat described as an attic) that could potentially be turned into a 5th unit if one desired (apparently the hook-ups for water and everything needed to make it into a sep unit is there but was never done).

@Dave Foster can probably describe better.Mark

That issue seems settled from what you've described.  

What you are describing is house-hacking.

This anomaly described above will give me the power to do traditional flips, it won’t be easy but it will be worth it.

.#1 is more difficult to answer because the dirty secret in the syndication business is that asset management fees are almost always described as “1%” but the similarities stop there. 

The appraisal comes out to $100k, which means I'll get the $65k from the lender, as described above.

I think a broker is a good option, particularly for a unique or challenging circumstance such as the one described above.

When they do not show up, you automatically win, and the judge will  review the amount of damages you described in the paperwork before he/she signs off on it. due.