Payments for the arrears don't come immediately, maybe 6 months at the earliest, so there should be a lot more upside for a buyer who comes in later, like you.With the examples you give, I can see the attraction of buying select BK 13 loans after a certain amount of seasoning.

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Collateralize-debt and if you are selective about only lending on properties you wouldn't mind taking over then even a worst case scenario you could leverage to your advantage.   

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(e) Find out who did the design for the project (paint color scheme, tile, flooring, countertops, selections of vanities, plumbing & light fixtures, etc).

What do I select for my “category” lol.

Assuming that I have been diligent in selecting a tenant and they are meeting their end of the lease, I can’t think of a reason why I would want to end it early.

Assuming they all come back as qualified applicants that pass my screens how should I go about selecting the winner? 

Unfinished oak strip flooring has historically been sold in several grades: Select or Clear (the best, straight grain, minimal or nonexistent knots), #1 Common (obvious, even garish plainsawn-pattern graining, knots,  minor filling), and #2 Common (utility grade). 

They have a huge selection of doors (among other things) of all the strange sizes for row houses that you find in Baltimore.Good luck!