You don't have to do this if you don't want to, however first may start a foreclosure process and eventually your property will end up at an auction block again.Assuming that your 2nd question refers to purchased 2nd position mortgage note (from the 2nd position lender) if the first lender started foreclosure and you are in the 2nd position, you can only claim any surplus from the auction since you are 2nd lien holder. 

I don’t have to type up Craigslist ads or anything, just a simple toggle and it’s done.Hope that helps!

The stuff you couldn't see added up to no deal.Unless you are getting a house for DIRT cheap, I would always need to see it to make an offer.

@Damarius Gilbert my big mental block is what do i say to people that contact me from craigslist? 

Kensington is starting to explode as well -- never thought I would see the day -- but if you can find a decent block with fair pricing, go for it.

She'd alerted me on the first that for the first time she was short and asked for an extension.

Adding to what @Sam Shueh said, there are also insurances, Builder's Risk and Flood.

My assumptions include the following: 8% vacancy (equals 1 month of vacancy), 10% for property management (didn't know if you were self managing or not, but it's always good to put in just in case you decide you do want to get it managed), CapEx and Maintenance of $1500 per year, insurance of 1200, taxes at 3500, I assumed you would be paying no utilities, that those would fall on the tenant and that you would be borrowing the 15K for the cosmetic updates, so I added that to the base mortgage amount. 

Luckily, I do have an extensive text chain as evidence.

I do not use CC for payments, however, using CC is an added service and if they choose to not do auto-pay, I would make them pay the convenience fee.