Don't let your emotions about properties cloud your judgement.

It should have been satisfied with the judgement payout, and the 2nd should have been extinguished, not satisfied.

For total costs I got to 209,000 by adding 4,000 closing costs and 5,000 rehab.With the same numbers, your cashflow comes to $3585 a year.Now, let's look at some of your assumptions and adjust them.I figure 10% for expenses and 10% for Capex until I have 5k for each saved up.I'd really figure 12% vacancy a year, but let's just leave that alone for now.if you're paying utilies, there is no way it comes out to $31, more like 300.You now have a cashflow of -$4,526.Even if you're less conservative and just hold back 5% for capex and repairs, your cashflow is -$770.Now take into account that you have to live in one of the apartments and you are left with less rental income (as well as the fact that you should never believe what a RE agent tells you about rent unless you can see the actual rent roll)You are left with a annual cashflow of -$9,537Sorry to rain on your parade.

However in each case it fell upon the claimants to prove eligibility at the time of the filing and they must have made an attempt of actually applying before the judgement was rendered. 

Before the internet I could look at satellite photos and tell you where the rain and waves were going to hit.

Did the walk through and all was good except I walked out on the back deck for the first time (it was raining during the inspection, so I just let the inspector go out there.  

Even if you verify that the dad makes plenty of money, if they suddenly decide to pack up and go home without telling you, you likely won't be able to collect a judgement anyway.You can ask for things like:- Passport, Visa- Verification of their enrollment in the school- Local ID like DL- Pay stub from DadAnd do your own digging.That being said, a lot of my friends are either landlords to Chinese student renters or are themselves Chinese student renters and they seem to all be happy with the arrangement.  

Even with a judgement.

In 4 months I will look better but the mobile needs to be moved prior to the rains and the road is vulnerable without rock.

There was a judgement foreclosure notice taped to the door that showed the owners name and the name of the bank.