I personally hold 5 CFD's with values in the low 30's but  valuations in excess of 70K on each property.The reason i like the CFD's are that in the event of default, as a general rule, you don't have to foreclose, just evict which is much lower cost and more important to me faster.If the borrower defaults and I have to foreclose, I can turn around and sell the property again at an updated price.Since i only paid in the high teens for each of the notes, the downside is something I can live with.BTW, all notes are fully performing and I'm getting an average yield of 28-32% and have about 250 payments left.Final comment.

I have a question and wanted to pick a couple of your brains for advice.I inherited a property which is valuated in excess of €350,000.

The excess money goes to my current revolving credit card debt and truck payment with my 2 other loans and I pay off and that frees up 620 extra bucks a month I take care of the place for a year on my current job with my wife making 3300a month and then get this house leased out or rented then that people help pay my mortgage and costs then I get into a better mobile home paying about 300 a month and saving towards the next property soon after that year and making the next down deposit with my own cash and owing no one except the next person to fund my next apt complex!

Or has the market dried up with newer homes already?

Looks like it needs flooring, paint, countertops, cabinet refinishing (or replacement), roof repair, dry rot repair, maybe foundation repair, lots of wall repair, and possibly plumbing/electrical repair (nothing can be seen in the photos but common in that area).I agree with @Dylan Vargas that there is no money to be made in flipping this property based on your numbers. 

Double check, but it seems like a pretty cut and dry breach of contract case. 

I know the market is red hot, and we are not in a hurry as we are looking to invest excess cash flow into a couple of houses a year over the next six or seven years.

I have conducted a  dry listing to see if I could get interest and was able to 8 applications in 24 hours before I removed the listing at a rate of 700$ per room.

A couple of thoughts from a curmudgeonly old home inspector re Redfin and R.E. sales in general. 1) Judging from your excessive use of exclamation marks you're a natural for real estate sales!!!! 

Do this in a market with an excess of rental housing supply and you're going to suffer vacancies.