This helps us get a feel for demand before the property even becomes vacant.Then, we monitor activity and make adjustments. 

What would you look for to gather paper losses and a nice risk-adjusted yield?  

I have criteria on the types of properties I purchase, but again those can be adjusted based on the actual numbers of a property.

I already have my own plans but they will need some adjusting based on square footage and layout I would like.

You'd adjust depending on everything that needs to be replaced....brick or wood siding, central A/C vs window units and baseboard heat, carpet vs vinyl flooring, etc.  

Easy to adjust.  

Here is the #Original loan: $132,000.Original rate: 7.5% adjustable cap at 13 %.Monthly payment: $925Amount owned stsince default: $80,000Current Loan + default amount = $189,000Current status; in Foreclose, Bank said we can send in offer for short sale.Current Zillow est. property value: $140,000Est.

Don't start adjusting what you need/want to do or your exit plan to accommodate a seller that wants more than a property is worth.  

I would caution on filling more than one position at a time giving the new hire and the organization a chance to adjust thoroughly with each new team member.

Doing some estimated numbers, adjusting with all three of those above and an average interest rate, at 30 years, it still doesn't cashflow much, HOA fees are at 880 quarterly. so its looking like a more of a flip kind of deal. the listing was posted just a few days ago and when visiting the property with the REA she noticed what she thought was an investor taking photos.