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. 

That's also where I met a leader of the Matrix Group. 

It will also have the property legal description and any exceptions to the title policy.

I clean homes and met a guy who's a Real Estate investment Analyst, particularly in the realm of industrial and commercial real estate.

@Louis Mannikko From your description, it sounds like you plan to get the 401(K) loan to BRRRR, correct?

I really appreciate the input regarding including some description of the mix.

HOC: Atlanta Property Condition Report Item Description/Condition Item Functionality Functionality/Test Notes_____________________________________________________________________________________________________________________ Cooling/Air-Conditioner: Damaged --Heating/Furnace: DamagedHVAC tested and functional?

Prepare a metes and bounds description with survey of the two separate tracts.

I met a real estate agent which didn't even know what wholesaling was.

You're in LA City in Cypress Park but the County still has some good info.http://maps.assessor.lacounty.gov/http://planning.lacounty.gov/gishttp://planning.lacounty.gov/gis/interactivehttp://planning.lacounty.gov/znet-I met a guy who was house/rent hacking.