No income statement,  no balance sheet, nothing that can give you correct financial picture. 

In my experience, a large percentage of them are fully functional adults that refuse to take personal responsibility for their lives, which is why they are receiving free rent from taxpayers instead of working for a living.

That said, this might not work for everyone, so a fix-and-flip loan can be a great alternative.My team and I work with investors nationwide who face these same decisions.

As a side note, my wife and I work full time and are looking at strategies that are less time intensive.

Quote from @John Teachout: Title work is typically done as part of the pre-closing paperwork.

If you want to help the poor, force them to learn financial management and get up and get to work.

I wanted to create an STR experience and bring my bold ideas to life.

It's called a payoff statementif it's a big lender you will not buy the loan as it will take forever, you are better just paying it off. you then can foreclose based on the total balance owed to you which is both loans and any accrued interest. regarding fixing property or selling as is, that really depends and needs to be evaluated on a case by case basis 

Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

There are NO minimium balances.