And just to state again I am aware that selling 1M in bitcoin won’t move the market I just used that as a hypothetical number I don’t want to reveal how much I am selling but it’s much more than that.And just to clarify I am not looking to settle in bitcoin so the volatility of BTC/USD is not an issue I would pay whatever BTC is required to get to the USD value at close.Jerry I get your predicament in using your Bitcoins as collateral as I am also of the same mindset that I would rather hold onto my Bitcoins until the last minute and then transfer them to USD to make a transaction occur as I am bullish on Bitcoin.

There is no demand at-all for these properties.So in a worst case scenario as you state, the amount of money to be lost may be smaller, but it has a much higher probability of occurring than say a California property not appreciating over time.  

So far, the only thing I've heard about is a local meetup that occurs monthly in Bay Shore hosted by @Kevin Myhre. https://www.instagram.com/libiggerpockets/Hoping to hear about an upcoming meeting soon.

As a company we are considering a third party that offers virtual/face time walk thru's where human engagement occurs from the first phone call, until 11pm, weekends, holidays included- where the prospective tenant is loosely (virtually) tethered all the way through showings, feedback, follow ups and ultimately application process.

Defaults and Remedies A default exists under this note if (1) Borrower defaults in the payment of this note or in the performance of any obligation in any instrument securing or collateral to this note; (2) (a) Borrower or (b) any other person liable on any part of this note (an "Other Obligated Party") fails to timely pay or perform any obligation or covenant in any written agreement between Lender and Borrower or any Other Obligated Party other than as described in (1) above; (3) any representation in this note or in any other written agreement between Lender and Borrower or any Other Obligated Party is materially false when made; (4) a receiver is appointed for Borrower or an Other Obligated Party or any property on which a lien or security interest is created as security (the "Collateral Security") for any part of this note; (5) any Collateral Security is assigned for the benefit of creditors; (6) a bankruptcy or insolvency proceeding is commenced by Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party; (7) (a) a bankruptcy or insolvency proceeding is commenced against Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party and (b) the proceeding continues without dismissal for sixty days, the party against whom the proceeding is commenced admits the material allegations of the petition against it, or an order for relief is entered; (8) Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party is terminated, begins to wind up its affairs, or is authorized to terminate or wind up its affairs by its governing body or persons, or any event occurs or condition exists that permits the termination or winding up of the affairs of Borrower, a partnership of which Borrower is a general partner, or an Other Obligated Party; or (9) any Collateral Security is impaired by loss, theft, damage, levy and execution, issuance of an official writ or order of seizure, or destruction, unless it is promptly replaced with collateral security of like kind and quality or restored to its former condition.

(TL;DR version: wholesaler from NYC got a property in Mississippi under contract, then ended up helping a scammer with a fake title company steal $10k earnest money from a buyer (according to what was written in the thread of course, I have no firsthand knowledge of what occurred).

It didn't occur to me when I shopped for this policy, but will our rentals even be covered due to different ownership?   

Non judicial foreclosures do not require court participation; they occur mostly through deeds of trust rather than mortgage instruments.  

• Recent Sales: Have any new, more relevant comparable sales occurred between the date of appraiser’s visit and now?

The feasibility study happens here before any filings occur with NYC DOB.