If you notice the cost of the refinance would exceed any amount of money derived from a refinance unless the property is worth 115k.

remember the losses is not just derived from the negative cash flow but also depreciating the non-land value.  

"Maximum bid" is based on the value of the property, from comps or however you choose to derive that value.

You could put it in a Living Trust with the trust name being some derivative of the address; HOWEVER, conventional your name shows in the signing. 

Bonus depreciation is derived from the portion of the property's value with a shorter useful life than the buildings themselves.

Derivation section.I can and have created my own General warranty deeds too.

The cap rate used to calculate the value of a particular apartment is derived from “comparable” cap rates of recently sold apartments.This derived cap rate is therefore market driven and by definition can not be controlled by the owner/seller.

How would the bank derive new valuation?

This is typical for real estate transactions involving an SDIRA.UBIT and Debt-Financed Income: The Internal Revenue Code imposes UBIT on income derived from debt-financed property.

But upon my research, it seems to be some form or derivative of another hard money product if not the same thing just a different name to catch the consumer's eye.