Bigger discount rate (60-75% of note principal balance) will apply to notes that are: new note, no payment history, low interest rate under 7-8%, long term (over 15 years), paperwork issues (dod frank compliance for ex.), undesirable markets, long foreclosure states, and few others. 

As rent increases with inflation, the rest of your numbers will follow.If buying a condo, thoroughly review the financials and make sure reserve account balances are in line with the most recent reserve study.  

We are about to lose all our stuff that we have in storage because we cant afford the past due balance and this months payment. 

Existing mortgage balance?  

What banks are most efficient, what sort of fees, minimum balances etc..  

don't you need lots of account min. balance to avoid monthly fee?

What do you want on your balance sheet in 10 years?

He currently has it listed for $160 but that's crazy given the kitchen and bath need makeup.DETAILS:Mortgage Principal balance is $108 (they mentioned payoff amount is maybe $120)they are about $10K behind on the mortage (1 year in default).They went to court last Friday and the judge ordered the $10K to be paid up or they will have to vacate the house in 90 days - they don't have the capital for the $10K they owe - and they don't have capital to move.They've been in that house since it was built.

You need a projection balance sheet to show investors right?

I'd like to do more to learn more but I have a full time job so I'm thinking about how to balance hire vs self.Looking forward to hopefully being active here!