You would actually be borrowing less money than originally but at a higher rate.   

If she's been living there during the foreclosure and not paying rent, then she what did she do with the money she would have used to pay rent? 

I have only been doing this for 5 years but what I have learnt is that it takes money to make money.  

You could offer cash for keys to get her out-NEVER hand over any money until they are out and you have the keys and signed paperwork that they are out of the property. 

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

I will add that to your question of 10% or 20%, you need to ask yourself whether you need the cashflow or not. 10% down would leave some money with which to buy more properties.

You've earned $132,000 more by splitting your money and leveraging it.

The predicament we are in is the property is not in the condition to charge that much for rent and we would also leave a lot of money in the deal once we refinance if we cannot get in there to fix it up.

Biden has promised money for 6 mos, but he won't be President in 8 days.

We actually had 13 insurance claims from that one storm.