We really didn’t have the time available to fly down there and look at properties in person, we had a vacation scheduled so both our workloads were heavy and I had limited vacation days accrued so we ask the Realtor to do a video walk through of the homes and send to us.

I borrowed purchase price and most of the renovation cost, the holding costs were accrued and paid at closing when I sold the property.3.

Out of curiosity, where do you find rentals with $20k down and good cashflow?

Thinking is a function of rationale and curiosity.

Just out of curiosity when in a sellers market, are you guys and gals using 70-75% ARV method, or just backing out profits and costs (ARV minus repairs, fees, closing costs, etc)?

Out of curiosity, on the one you're working on, has the borrower been able to secure a loan for a new home in this situation with an open default?

With no interest, there is no interest that accrues during the term of the financing.

This includes the principal balance plus any interest accrued while the borrower was not paying, late fees, attorneys fees, etc. 

Out of curiosity, how are you managing the property?

The interest only accrues on the tax lien, the overage is still kept in a trust for the individual who purchased the tax lien.