Austin has become a pricier market, so seeing BRRRR-ready properties in the $250K+ range is expected here.

One of the most important things you can do is set expectations.

@Kenneth P FordRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

If they're late multiple times and or declared bankruptcy, then I would expect them to continue, unless they can provide some clear explanation.If you're having problems renting, it is either a pricing, condition or marketing issueGood luckGino

Your number two is a bit different than what to expect on a short-term rental play.

Here's some other copy & paste advice you might find useful:---------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

This is all public data, except for the rentometer estimated rents (which you should expect to mark up for being fully-furnished). 

(2) Should we expect to settle for the full amount of the court ordered debt plus court ordered interest?

Doesn't seem like the FED has much control this time around considering the 10Y T bill (and 5Y) continues to march higher even with the FED fund rate dropping.

Stay patient, adjust expectations, and seek help as the process progresses, as one great deal can make up for multiple failed attempts.Good Luck!