For some, I accept that these opinions may remain unchanged.

In today's market, with low foreclosure discount compared to past buyer's markets and a lot of "motivated buyers", the risk/reward ratio keeps me far away from the courthouse steps. 

So that checking account becomes your depository, with every deposit sweeping to your remaining balance on your loan.

You will remain responsible for the rent for up to 2 months - but what we will do is turn on our marketing, find a new tenant, and as soon as we get them in the unit, you will be off the hook for the balance of the 2 months owed.  

Exactly, if someone else has a different motivation, lower return threshold, or is a fool, let them have it. 

Sometimes big corporations have a tendency to keep certain projects on life support and not really moving forward.They don't want to scrap it but haven't been presented with a plan or motivation to improve and move it forward.

Minimal Airbnb Rental Competition:Hotel prices in Puerto Rico remain relatively expensive and Airbnb style rentals are scarce.  

From there, form an estimated replacement cost, and write down the estimated remaining life left. 

The beauty is if rents can keep up with expenses then PI remains constant and that is where the appreciation of increasing rents becomes a good thing.Sure overall costs can come in below 50% then that is a safety net.

I have about $150k cash on hand as well as I am planning to get a construction loan to cover the remaining cost of a duplex.