It's worth just about the same as I paid for it, so after fees, commissions, etc, I'll basically walk away with $20k if I sell it.I assume if they do the foreclosure, they'll either simply place a lien (since the bank is first priority) or take the property subject to the mortgage (and I guess pay the mortgage?).

I'm looking for a basic cleaning service for a short term rental (air bnb) in Jacksonville, FL.

Mls listings - basically none. 

@Logan Jorns, basically, as well as literal "cash flow" estimations, guesses are also made of the assets' future appreciation in value, and how that value is expected to be impacted by the future (lower) buying power of each dollar.ie.

Does this basically mean that I get pre-approved by all the lenders I look into (Each one putting a hard inquiry on my credit)?

It went on for however long, went to court, and was EVICTED.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

The above one is in the same general area and it would give me 3 in that basic area.

I had thought of looking for a duplex as well, but perhaps that has the same issues as SFRs... basically, my thought was to save all the cash flow and channel it back into more properties.

I encourage everyone to read it really quick to give you the basic background information on the property that I purchased.