It sounds like the 2 BR floor plan makes this process even more difficult.

If they are not paying rent then go through the eviction process as normal.

It can accelerates process and can make numbers look very attractive (if you are open to renovations, does not need to be crazy)

I use a loan servicer who processes the borrowers payment and then sends to me.

Evaluate the situation to see if you could have done anything differently to mitigate the loss and implement changes to your processes, but know that this happens and hoepfully just not too close together. 

Finally, the data they are using to demonstrate the price hike is WAY out-dated.

My credit got negatively affected but we’re in the process of building hers ( she had no credit nor bad credit) I think we’ll have her credit above say a 700 in the next 6-12 months.

In 2020, it came to a near complete stop.Banks go through the foreclosure process typically taking 4-8 months.

Certainly nothing ground-breaking in terms of ideas here, however I'll be very hands on (and on site) during the process to make sure that every step of the way is executed to a high standard and very carefully.Once I've hopefully developed a successful track record and gained experience, my next goal would be to move on to commercial assets (think multi-family, industrial etc) so that I can leverage my existing investor network and real estate knowledge to raise 3rd party equity and take on bigger projects.

Private Money or Hard Money LoanHow it works: Short-term loans from private or hard money lenders to purchase the lot and finance the construction.Benefits: Easier approval and faster processing, focusing on the property value rather than your income.Downside: Higher interest rates and shorter loan terms (typically 6-18 months).