A difficult concept to grasp if you don't work on loans every day.

Proof of concept seems to be a key part of your strategy starting off.   

I specialize in STR & Co-living concepts, which I recommend for the highest rental income potential! 

But the whole concept of foreclosed homes is confusing to me. 

These two concepts are separate from each other.

Rehab costs and ARV (After Repair Value) are key parts of evaluating deals, so it’s great that you’re diving into these concepts early.For rehab costs, creating a rough estimate starts with understanding the scope of work and local pricing for materials and labor. 

@Edward @Edward Augsberger The court order grants possession to the receiver.

I don't know what your space or design concept looks like but for a 1 bedroom beach condo I would choose something like this: https://nathanjames.com/products/modern-upholstered-3-seat-w...

Interesting concept!

Jimmy Napier, 40 years ago, told me that 95% of people do not really understand the concept.