AirBNB is higher ROI but low in ROT (Return on Time) as you need to spend lot more time than long term investment.Good Luck Buddy...!!

I really just want to see if my numbers for Hard Money look reasonable if I were to try to get funding with as little of my own money on the deal, as well as get a sense of how low I would want to go on price in order for such a deal to be worthwhile.

When I saw a property that looked to have been vacant for some time and needed some work I thought, this could be a good opportunity to have a low monthly payment, a place to live, and a chance to make some money.

This mostly affects low priced houses under 100k, but it's something to note. 

A payment history of at least one year is much more attractive to investors than zero payment history. having the Bene and the Trustor being he same entity or closing related is something most knowledgeable investors simply would not do.I have seen a few of those on FCI  usually in low value asset land its just another way to sell the property.. 

As a rental, even on the low side, figuring $2,000/mo for a $100k investment in Greenwich, ain't too shabby IMO. 

Off street parking, low maintenance, open floor plan on main level, central-air, fenced rear yard.

I anticipate that if I sold, I could probably get on the low side $500K and on the upside maybe $550K/$600K.

Now the tax assessments can vary widely, I’ve seen land value as low as 3% and as high as 65%!

The reason for the seller's willingness to discount that much in today's climate, from what info I have so far, is due to the extremely low rate on the modified loan (less than 2%, recast for a new 30 year term).So due to the rate, even at 50% of UPB, the return on my investment would be around 4% after considering servicing fees, etc., which is not nearly enough to interest me in this deal, considering the risks of borrower re-default, etc.