First of all they would be long term gains if/when you sell and you could also look into doing a 1031 exchange (though there have been talks about killing that program)Yes you should do long term planning, but maybe just pencil out a few options.

We'll be talk through how to increase ways you can increase your cashflow as high as 2x and a real life example of how we are able to live for free/plans to scale up over some beer (or your drink of choice)Hope to see you there!

We then, as a family, brought food, drinks, etc. to the person using paper goods to limit their contact with us. 

I am leaning towards the mother of 5 because it seems like they would be longer term tenants but am worried about wear and tear on the home with the younger ones . what is your opinion?

Remember: you can deny someone for any reason, as long as you are not discriminating against them because they belong to a protected class.

So if the lender buys it back at the foreclosure auction in your example above for $150k because no one bids on it, then they turn around and sell it on the MLS for $300k, that profit belongs to the lender. 

Once that's done, you can start listing your house and do the showings yourself assuming you can pack up all your belongings and move into a new place within a weeks period. 

We utilized a portion of the budget in bringing over a cleaning company to remove the belongings and stuff that had been left behind in the unit.

Owning a home makes them feel secure, not just with their belongings and other valuable possessions, but with their lives as well.

It never hurts to just talk to one (that understands real estate investing) to get a feel on if they are a salesman or if they are someone you could have a drink with.