So much of the HOA fee becomes a drag on your NOI.Your plan is solid. 

That is a huge waste of my time and a drag on returns.

I am not a fan of evicting people, but I have a mortgage to pay and can’t let this drag on forever.

In person office meetings tend to drag on unless the broker is adept at keeping things brief and topical. 

Your first deal with a local/regional bank can drag on especially if you are not well capitalized or lack experience.

I got my SFR ( short sale foreclosure ) certification last year and was amazed how long they can drag on and become total nightmares.

This would work in most Judicial foreclosure states because the process is dragged out, in non Judicial states, the people might be thrown out & the property sold off by the time the lis pendens hits the record in a judicial state where a foreclosure can drag on for over five years, from the time of stop paying to the time of sale & set out.

If no takers the deal inst strong enough.You could just let them know that the seller has enough room to sell the house and pay your fee, assuming that is correct, to remove the fear of a short sale that could drag on.

Evictions are inevitable even for the best of landlords  but can often drag on for the better part of a year in places like NYC.

these numbers don't work for cashflow....doesn't matter if you get the property with nothing down...if you lose money each month, it's still gonna be a drag on you..i bought a few places sub2 a while back and have regretted them bc the seller owed too much on them..at the time i was eager to expand my portfolio, and loved the thought of owning property with no money down...i more or less break even on them..some months i have to pay into them..better ways to spend my time...learn from my mistake :)