The others get by on welfare and food stamps while being fully capable of working.

Furthermore, even if I can evict tenants in 6 weeks, if the rent is $2000/month, that's $3k rent loss immediately.  

Just posting this to see if others who buy NPLs and do loss mit have had any success using a virtual assistant to handle borrower outreach.

I can afford a $3,000 loss, if that helps you understand my situation a little better.Also in the process of saving capital for my business ventures, though.

If the tenants have to move, you might be able to get some sort of help from your insurance company on loss of rent?

That translated to a loss of roughly 85,000 jobs -- and home prices went down with them.

Lets say I get 3 out of the 5 to move in at 1100$ thats 3,300 a month in rent leaving me at a loss of $1,100 a month.

.), just be careful, the IRS expects you to make a profit in 3 out of any 5 years and they are quick to label those that do not meet this requirement as a "hobby" and then none of your losses are deductible.

I filed for bankruptcy (job loss) before and have been  scared of taking on so much debt even with the leverage ever since.

As a result we our running at a net loss for 2016 from the rehab costs.