@Jacob Cogswell  Did you put the correct title for your post?  

Basically the loan that was transferred to my property is a crappy, high interest loan through an insurance company.

I have two BRRRR deals coming up on the 6 month title seasoning and am interested to see what other investors are doing at that point.

Also, going forward, you can give the assignment contract to the title company or closing attorney and they will put you on the HUD and cut a check at closing depending on the state and company. 

From signing the contract to closing title I try to have the house purchased within 30 days.  

Look for threads that have similar titles to questions you have.  

I am a property insurance adjuster during the day.  

I've used this resource titled "Rental Returns and Cash Flow Heat Map" from Realty Trac but is there a better resource out there with more information? 

Thx again in advance.Expenses Annual Figures R/E Taxes $9,756 Insurance Premium $3,000 Maintenance $4,000 Water & Sewer $3,000 Common Electric $700 Gas Heat/hot water $0 Tenant Paid Management (5%) $3,937 Garbage $0 Ind.

ERGO you are in foreclosure in the first place.GFC meltdown saw values drop 20 to over 60% in certain markets  .. your 70% LTV loan was underwater right out of the gate.So to answer your questions.In General... you have a foreclsoureyour value is 10% less than it was when you made the loan.. reason flipper butchered the job ... and again depending on state it could take 1 to 3 years to actually foreclose and of course your not getting any payments.. so your interest is wiped out. your cost of doing the foreclosure again state specific.. and I have never met a defaulted borrower that paid the property tax's  ( and again state specific how bad this will be).. you have selling costs usually 8% and you normally have to spend money getting the home marketable I have never met a defaulted borrower who left a home in perfect shape.So you add 10% market devaluation  8% for sales costs.. 3% for foreclosure costs.. 2% for back taxforce placed insurance and utls.. and depending on the condition of the home 5 to 10% for rehab .. you can see how this eats into your 30%  .. then take states Like were i live and properly filed mechanics liens are super liens they jump ahead of your mortgage.. this can be thousands up to 100 thousands if your flipper totally screwed the subs.