Currently, we are at 12.75% interest with 3 - 5 points on the loan origination end; we haven’t been able to locate any existing mortgage notes we can buy of similar quality with ROI even equal to that.  

I've been searching online for trying to find a loan servicing company that provides the services in Florida.

It would if you refinanced a smaller loan later though. 

I haven't been a college student for some time now so maybe times have changed.

Conventional Condo loan requires replacement cost vs ACV.  

Here's a casein FL - Seller in foreclosure has 120k principal @4%, Shes 10k in arrears, house is worth about 250k, good condition.She wants to stay at the house, but doesn't mind selling it if needed.She will likely not qualify for a loan mod at the moment, good amount of equity.She works in the medical field, just took sick and fell behind.I was thinking of offering to pay her 10K in arrears and creating a 2nd mortgage @ 10% interest.if she defaults, i can foreclose,  as there is a bunch of equity there.any thoughts of a better scenario that i can make more of this situtation?

In the last years, the rent amount on a BRRRR property has become the defining factor for the loan amount.

I smell a refi in your pipeline a year or so from now, remember this isn't a home loan, so "two years of tax returns showing a profit" is NOT a hard/fast rule at all to get the best terms.

However, this is simply just a fix n flip loan, not a DSCR loan.

Both to scale better, and because it gets me into a price point where the asset is underwritten more than the borrower, and non-recourse loans are easier to find.There are not a ton available, and those that do hit the market have not piqued my interest.