Just for the numbers - out of 125 skiptraced contacts, 71 have "Working" numbers (Albeit, some are landlines which are suboptimal to contact homeowners in foreclosure) - and 54 "No Skip Available/No Working Contact" numbers - So ~43% of the properties I skip trace come back with bad/no skips - and I feel like that number is relatively high, correct me if I am wrong.

Here's a technique you can try right away, and it's free.

I also think I am still not completely using the program correctly. 

Correct.

In general, i think Stuart is correct.  

Make sure you are handling the security deposits correctly.

Based on your numbers, this seems to be a Section 8 duplex, is that correct?

However as you correctly point out this is far more risky and or its risk capital compared to buying a income property.. but the reward can be strati-spherically higher .. not just a little bit but it can be life changing profits on some of these deals.

The Norada Capital promissory notes do offer a high rate of return (interest), but I would not classify them as "high risk" because of the higher interest rates.To correct your comment, they ARE backed by hard assets and collateral.

From my experience, 95% of the time if someone is doing their books on their own, it is not correct.