Looking forward to the connections to be made!

ERGO you are in foreclosure in the first place.GFC meltdown saw values drop 20 to over 60% in certain markets  .. your 70% LTV loan was underwater right out of the gate.So to answer your questions.In General... you have a foreclsoureyour value is 10% less than it was when you made the loan.. reason flipper butchered the job ... and again depending on state it could take 1 to 3 years to actually foreclose and of course your not getting any payments.. so your interest is wiped out. your cost of doing the foreclosure again state specific.. and I have never met a defaulted borrower that paid the property tax's  ( and again state specific how bad this will be).. you have selling costs usually 8% and you normally have to spend money getting the home marketable I have never met a defaulted borrower who left a home in perfect shape.So you add 10% market devaluation  8% for sales costs.. 3% for foreclosure costs.. 2% for back taxforce placed insurance and utls.. and depending on the condition of the home 5 to 10% for rehab .. you can see how this eats into your 30%  .. then take states Like were i live and properly filed mechanics liens are super liens they jump ahead of your mortgage.. this can be thousands up to 100 thousands if your flipper totally screwed the subs. 

I agree with Stephen, there is no money to be made on this property by your own estimation!  

Bank will finance $104k, you can pay out your lender and get a little bit of spare money as well.I made the numbers up, but that is the concept.

I would take any good deal that was OF if the terms are decent and I made money when I purchased them.

Trying to sly your way out of mistakes you've made is why 90% of wholesalers are nothing more than used car salesmen that are too lazy to go to work.

Although we made a little (~$5,500), it was pure stress and we learned never to compromise on certain issues.

I've  made some amazing upgrades to our new home and I am currently making upgrades to our old home preparing it for rent.

We made 80k on the vegas house.

I told her already that the lease is binding and that only made things worse and she is now "formally intent on not renting the house".