July is the month when the penalties go up the most due to accruing the legal cost of foreclosing as I understand it. 

We have utilized Contract for Deed for 6 of those properties. 2 rentals (putting another under contract tomorrow) and starting to accrue more of these for wealth.

I have also run numbers on some of their available properties out of curiosity and I cannot find anything greater than 2.23% COCR.That said as a rookie currently building my network for long distance rental investing I am eager to get in touch with local people and very open to get advice and recommendation, I am just careful about who I get these insights from and respective interests.Any thoughts?

The bank is Chase if that makes anything worse/better Curiosity is getting the better of me.Which lender did you go with and were you able to transfer the appraisal to Chase?

Out of curiosity, how are you negative $20k on your two properties?

Out of curiosity, what neighborhood is it in?

However, with my new curiosity about real estate I am turning to BiggerPockets.

Out of curiosity, have you made an offer on the property?

In that situation, this type of exercise leads to your "resume" as an investor.Of course, this would never be applicable to Mike because he is a lone wolf who attracts tenants who are willing to wait for enough maintenance items to accrue to make a trip to their unit worth his time.

Out of curiosity why did you invest in the state of Connecticut?