@Harley TigrerosYou should be able to find the public notice of the foreclosure that'll give loan amount owed and, if it does go to foreclosure, you can buy it at auction (if it's within the specified time period for public notice)

Positives: Great jobs. 

I am a buy and hold.In Lowell it is impossible to currently find a good deal on a 6 unit, one that generates a positive cash flow.Any recommendations on management companies, plumbers, builders, specific neighborhoods, past experiences( the good and the bad) or even on proving me wrong in my assessment of the area.Jay

If you filed a lien on the deed/title for this property then you have a lien position in the home. 

When sending notice letters to tenants I'd rather use another business name on the letterhead.

This is important because I believe we are getting ready to enter a round of foreclosures and we want to be in a position to pick up prettier properties than we purchased last go round.We are also working on converting our PM business into a franchised brand with Property Management Inc, that has a support structure not only for residential rentals, but also for short term, commercial, and association managment.  

You filed your notices correctly and timely, reported the cure amount accurately, and avoided the fact you collected a partial payment. 

Neighbours very often do not get along with renters and renters will often leverage their position if they find out a unit is illegal.The problem usually arises out of the fact that cellar dwellers are generally low quality tenants and can cause problems that often result in complaints to oficials..  

In my opinion this sounds like a substantial investment, and there are plenty of solid multi-family renters in the following markets:DearbornDearborn Heights Melvindale Westland& other cities immediately North, East, or West, of Detroit You're spot on about renters paying less for a duplex over a SFH but as you progress in the multi-family market you'll notice the differences aren't much if you choose the right property, construction finishes/overhead, tenant screening processes. 

My preference is positive cash flow from day one with future upside.