They will have relationships with creditors, or at the very least, know exactly what the creditor's parameters for settlement are. 

It is less than the current ticket price.

So I have recently come into a little money, about $700.

My understanding is that most lenders will file a mortgage lien on the subject property as soon as the loan is signed so as to preserve their rights, but what if the lender did not do so before the borrower defaulted?

This way when they try to low ball me I have my own appraisal ready to go.Or - should I just request a PMI cancelation from Citizens bank and wait to see what their appraisal comes back at.Or - am I going about this all completely wrong?

Hi Yixiong-Congrats on building up your portfolio!

I want to have the capacity to terminate their lease if needed.Is that lease valid?

Labor costs of gone up.

Build up enough that you can purchase the next house.If you move out of your current house, could you rent your room and create a cash-flowing property? 

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