Firstly, this post is for anyone and everyone who hasn't had the opportunity to properly introduce themselves in the BP community.

How good is her contract? 

As of right now, the estimated pay out per claim is about $8.

Presumably the borrower is unable to refinance at current rates.The borrower may or may not be making payments on the note, even though it is past maturity (is it a problem to foreclose if they are making payments?)

It is an upfront cost for a lower rate forever.

This is is a very good area and would actually live in 1 unit, so 3-4k negative cash flow for living expenses is ok, as any house w mortgage would cost that.https://docs.google.com/spreadsheets/d/1tfbjOlyVsGW3nHLVPk_R...Key questions/assumptions:- Total for this deal in cash is 300k, anything else (reserves, renovation loan etc) would need to be a bridge loan or hard money- 1 unit is vacant and current rents are VERY under market, projected rent is what seller gave as realistic.

My name is DJ Shipley from Indiana, newly passionate about real estate investing for 4 months. 

I believe minimum is $40k they allow to be approved.

I think with your faith-based parameters, turnkey would be the safest option as long as paying for property management is ok.

Some investors and agents talk about off-plan opportunities as if they’re an easy route to massive returns, but the reality is that it’s far more complex.Buying off-plan can be incredibly rewarding, but it requires doing your homework, understanding market trends, and knowing which developers are truly reputable.