FYI, 13 motions for default have just been filed by two previous customers of BTC, totaling around $ 420k.  

After renovation rents would be 1900-2000$ so about 4,000$ total rent for both units.

Any pointers or resources outside this community are totally welcome ! 

Normally, Cleveland, OH is the list for cash flow but I'm not totally convinced if I should start there. 

The greatest profits are in properties that can be repositioned to a higher and better use, or appreciate the highest over time, or will throw off a TRUE cash flow of 20% per annum on total investment (cash + debt + capital investment). 

I’m exploring the option of selling these notes and would love to get your insights on a couple of key points:Pricing Expectations:How much of the total principal should I reasonably expect to receive when selling these notes?

Investors want a premium on mortgages over the saver treasury bill, historically about 1.7%, but currently more like 2.5% which gets us back over 7% for 30y fixed.I would not be totally surprised if we see 8% in Q1.

But same theory give them a second chance and many times I was negative cash flow I would rent for less than their mortgage to get them going again.. did well over hundred of those and I can count on one hand how many actually were able to totally cure and buy the home back.. 90% of them defaulted in the first 18 months..

So the turn... costed me $7511 + 2 months lost rent @1700/mth for a final tally of ~$11000 total.   

@Matthew Mclean It's totally your call but my advise is to read the contract that they'll make you sign.