From tenants, and also from other liabilities - bad business venture that resulting lawsuits, someone got injury by us(knock on wood) etc. 

It's in the hallway leading from the living room to the bathroom and the three rooms, so I suppose the challenges if that's done would be the resulting aesthetics and the noise pollution.

@Basilio Torres:I think you'll discover that most of these type auctions result in the Bank buying back the property and then placing the property for sale with a Real Estate agent or online Auction Web site.

I tried plugging numbers into the BP rental property calculator, but the results (cash on cash return, ROI, etc.) don't come back the same as if I run the numbers myself.

Also, you have to be prepared to either adjust your strategy as the market cycle changes or be very patient for when your strategy matches the market. 

Vision and MissionA) The mission of Universal Son Enterprises, LLC is to create partnerships with investors that result in successful business ventures involving bulk single family residential, multifamily and commercial portfolios to create long-term sustainable value through strategic asset growth, increased profitability and the addition of value added opportunities. 

If you want to keep your duration short then just buy front end payments for a term that matches your time horizon.You should be able to build your cash hoard to 140 - 150k buy the time you are ready to buy.

I would imagine you would need to match inside finishes while maintaining the ancient outside looks?

The desired end result is to help the BP member get started.

If you do that on top on great marketing online and offline then this will bring results.