Before the auction, you can make up the payments in the arrears and take over the monthly payments using a technique called a subject-too purchase.

Pretend you are a lender - actually spend $400 and order an appraisal that has current value and professional (non-biased) opinion on after repair value based on the rehab you have outlined.

They are in Chula Vista & Bonita, I have consulted with a Vacation Rental company and they have assured me that these areas, will not be subject to the new SD STR Restrictive Ordinance that recently passed.

Per the post subject Im looking for referrals on a reputable contractor in the Washington Indiana areaThanks so much in advance!

As such, its not an investment and NOT subject to capital gains tax treatment. 

The problem with a short-term rental though is that it's tough to determine/figure out the income producing potential of the subject property.

Ask the lender and they will outline the reserves and vacancy for you. 

UNAUTHORIZED OCCUPANTS: You shall not allow any person to use or occupy the Premises beyond the limits outlined under Paragraph 6 without first obtaining our written consent to such use.

I am calling myself out for not having my vision clear and my goals outlined.

Also, the tenant that left is in another state, not sure on the exact location - Would I just issue a notice to the subject property?