There are three houses involved but I will share one just to see if I am accurate with my numbers.  

In probably less than two years, you will likely be in a position to refi, combine with the savings you have generated over this time, move out and repeat and have a great performing asset on your hands. 

I recently purchased a performing first which has an outstanding HOA lien attached. 

(I had insider info for this figure and it is accurate) Ours would be a tad smaller and may not have all the high end touches - he's also hiring everything out and no hands on.  

So the place has to be in decent shape, which means you pay a little more.I use the 50 percent rule, which includes PM.I do self manage, so my numbers look closer to this without the pmPercentage of gross16.5 percent for taxes and insurance5 percent for vacancy10 percent for capex10 percent for repairsright around 40 percent give or take.Which is around 280 a month in cash flow.How is your indy properties performing?

I’m also skeptical of these auction.com and usa-auction sites providing accurate information.Furthermore, is there a source where I can view the results of the trustee auctions?

Sometimes landlords don't perform through background and credit checks before they decide to rent to them, so the next owner gets stuck with the problem.Perform your due diligence.

Should I just chalk it up to a lesson and smile with my 100g's or fight this cancel the contract and face specific performance which might mean still having to sell or face litigation?

Zillow by no means is an accurate gauge for anything and their zestimates should be taken with a grain of salt.

Hoping to hear all feedback from anyone who has had experience, positive or negative, with purchasing non-performing notes / non-performing loans.