I can assure you that only those from the common wealth were able to immigrate.. those from Mexico were stopped at the border and turned back.I was kicked out of the country. and all I did was buy a home on golf course and furnish it and ski and fish and frequent resturants etc etc. but they still wanted me out

When the FJ is more than market value, the lender may set their "maximum bid" at something lower, resembling what they think is close to market value.....or they may just set it at the FJ amount, take it back, then sell it as a REO.  

The numbers that I've seen from folks doing furnished rentals (airbnb, homesuite, etc) have knocked my socks off, relative to the amount that needed to be invested to get started.In particular, furnished rentals that you do not own.

In a perfect world also furnished but I've noticed those are hard to come by out there.

All furnished and all utilities included.

Then I furnished both units and have a successful vacation rental in Galveston. 

Walkable and reasonably close to parks, shops, restaurants.We'd have to do ZERO renovations, only moving and furnishing the place.

It is an older property and in my opinion not a great area...I dont know if parents of students would feel great about having their kids live there...I certainly did not like it much for my daughter...and I know that the landlord had a hard time renting out the 4th bedroom for the price she wanted, it was empty for several months( that is why she finally allowed 2 girls to split the room ) As always in Real Estate, location , location , location...We felt it was time for her to find a new place....she is now renting at the Vue at Cornerstone, completely furnished with her own bathroom for 510.00 per month plus utilities(40.00) at the other place she was paying $100 for utilities so she is now in a much better place for about the same amount. 

I furnished the common area (sofa, tv, dining table for less than $1k) and rented out all the spare bedrooms - each brought in $500-700 + utilities.

We decided that we wanted to experiment and have decided to turn the units into short term corporate rentals (30 days or more) that are fully furnished.We are just now starting to see the light at the end of the tunnel after completing the rehab and now the furnishing.