There are certain ways of doing things, which are just fine, but they may not maximize the use or performance of something.

I would say if you do post it be as detailed as possible minus borrower info re: what's the collateral exactly (estimated value, condition, etc), outstanding balance, state where it's held, terms, performing or non, 1st or 2nd position, payment amount and what you're asking price wise.

Passive Investment - Buying and holding performing notes for interest income and or investing in debt fund/partials ownership Active Investment - Buying non performing notes to either modify to reperformimg or foreclose for real estate ownership; “working” the notes in your portfolio; or “creating” high yielding investments through various meansNote BUSINESS - Running a note fund; syndicating notes, buying and selling notes, creating partials, brokering notes, etc. 

I know lenders who can get it done with 1 year of performance, although everybody is different about it.

The real take away on all of this is that a refinance isn't going to make them perform better. 

Ensure you perform thorough due diligence, understand the auction process, and have financing ready if needed.

What about the hours for contractors performing renovations on the property itself? 

Thats the challenge, you want leads that others DONTIf you can leverage outside marketing mediums to reach these folks, it will really help boost your mailers performance.

The next property you buy may not perform nearly as well as the one you already had.When you buy property, hold it forever.

Negotiate price, closing costs, and repairs, conduct inspections, and perform a final walkthrough.