I agree with @Kate Ziegler, in Boston a $1k per a unit is an extremely easy out.

I recommend a list of 100+ to start with unless you have a screaming deal, then probably 50+ is fine.

Originally posted by @Kate Marr:Under contract with a downtown Hershey pa home.

Think of William Wallace screaming for the line to hold and hold.

If it's a junior lien holder, still, they aren't going to bid anything after their total debt but other bidders might get into a frenzy thinking they are getting a screaming deal (If they didn't do their homework about other liens).Even where its a run of the mill senior lien holder foreclosure, they still won't bid over total debt but, they might set the opening bid lower than total debt if their analysis shows the property to be worth less than total debt.

This is a screaming sell.

If it's in a decent area n the 🔢 S work it's a screaming buy. 

From a cash flow position it screams buy opportunity.

@Brian Garrett, you have obviously never worked for a lender or been a Mortgage Broker as your comments above seem to scream lack of knowledge on this particular subject.Have one or more of your "Preferred" lenders join this discussion and let's see how they respond to some questions on this topic.Send them this thread and ask them to join the discussion so the investors here on BP can determine what is best.    

Kate is very rude, refusing to give any deadlines for completion.