If they do this, they can typically also get a deficiency judgement against you.There is also a non-judicial foreclosure.

I've used Hammertone paints on old rusty baseboard units to good effect, the copper looks particularly nice.A friend has spent considerable effort getting steam radiator covers because the condo sponsor's contractors pitched the 80 year old originals.

Your inability to get insurance on a particular breed is of no consequence to the law.  

Purchase v refi, furnished rental income from subject prop v non-subject prop, new self employment furnished rental income v 2 years of self employed furnished rental business income, etc etc etc.

Can you 1099 someone who doesn't have their contractor or business license?

Gives me good picture of more desirable neighborhoods.Any particular focus you have Renting?

The non-profit National Tax Lien Association is a solid resource for knowledge & networkingNTLA.org

I've seen and researched a # of scenarios involving these exchanges but not these particular scenarios - about the only way an exchange involving new construction seems "easy" is if you can pay cash in the exchange then it'd be easy to get a qualified intermediary to take the risk and get the place built. 

Or just go in and toss it which is the most aggressive and below board option but most of the time results in a non-issue. 

There are lots of solid non-luxury towns like Plymouth (though we have luxury oceanfront properties and more in Pine Hills too), Pembroke, Kingston, Halifax, Hanson, Carver, Plympton, etc.For some real low cost opportunities, take a look at Brockton, Taunton, Fall River and New Bedford.