I would also favor forced sterilization for the morons that keep having kids while on government assistance.The same is true of all these bailouts.

When I accepted the position of School Director and was sworn in, I was forced to resign my Auditor position as per PA School Code (law).Although our School Board in the 13th largest of the 501 in PA, it is still a local government position.

I'm active duty Air Force, and have property managers onalmost all of my properties because it's tough to manage the rehab ofa broken sewer line from Afghanistan (trust me)!

I insured for an amount I could replace for, not the inflated amount my prior company forced me to insure for. 

BoA will force sale or the re-transfer every time, the rest all will give notice, it depends on the circumstances if they will give notice and then sit back and watch, allow something to continue in an installment sale, but a deed transfer in residential will be pushed to payoff or a cure most of the time, commercial is more forgiving here.

You will also find that once you start doing this, investor clients will naturally gravitate towards you.

If I was forced I would say the 60" just cuz it is unique. 

I would say focus on work force housing ARV's 80-150K, there is not a ton of appreciation in this end of the market, but you can buy below market value and value add. 

So, purchase at discount, force appreciation through rehab, place tenant, appraise, cash out based on equity vs. loan balance.

You are right that, by the 12 month mark, the forced appreciation of $20k and measly scheduled principal payment of ~$2k would get me to only ~86% LTV.