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?

I think for you to invest in real estate it will be better to finish up the fellowship first b/c I know how grueling medical training is and I do not think you will want to spend your " golden weekends" getting on a plane to go look at properties. 

I have non-renewed in the past but with all the changes in laws I thought I would reach out to the community and see if somebody can advise on any gotchas or procedural steps I must take to non-renew my current tenant and stay out of trouble.Thanks.

Is it zoned for things such as a filling station, or a strip Mall, or medical dental, or a church.

Lots of opportunity because of new jobs and medical district. 

Travel nurses hold a special place in my heart because my husband was hospitalized for a long time and we met so many special travel nurses and other medical professionals ; )  That said, the niche of medium term rentals is growing every day.

They care and they are getting their money either way but calling the note is the cleaner and in many cases, the required way (Required by policy/procedure).

Be sure you understand the annual filing procedures wherever you create an LLC.

Ask for process and procedure guidelines (in here you have to look at the inspections frequency, and how their proceeds are with them, eviction and tenant screening)2.

I was medically retired last year in September and moved here for my job in the post office.