In order to monetize, you really need to determine the status of title.

Strategy should encompass what areas you're targeting, how you're going to market to those areas, what methods you're going to use to purchase property, how you will monetize those purchases, and what your exit conditions are. 

But I may very well end up monetizing a house that is 2 weeks from foreclosure, and $10k upside down.

I stumbled upon a strategy that would work for your situation -- a more simplified version of a monetized installment sale.

We will manage the property ourselves.Came out at $783/mo net cash flow with a 12.2% CoC.Purchase Cap Rate: 7.84%Pro Forma Cap Rate: 7.68%Is there any other facts/figures you'd like to know to give an informed opinion?

Hi @Kevin Leslie,Smart move, monetizing your overhead at first as a Real Estate Professional.

This leads to people entering investment arenas that require greater knowledge and skill sets to acquire and successfully monetize. 

What you'll want to do is find a target area(s) that you can buy these properties in and that, once you do, will hit your income target ($250/mo net income per door).

Any other thoughts or ideas on how to best monetize this?

If you have access to a great deal flow and are being held back by capital, then I would say you can grow that extra $15k at a quicker pace than the $150-80 = $70/mo net opportunity cost cash flow.You can objectively calculate this with opportunity cost calculations, rate of returns you're seeing, and inflation numbers.