The Analysis is based on the specifics of the deal...entering it, and exiting it.Oh, and either way, make sure you calculate how long it takes you to start making a profit. 

Some times sit on them or lease short term until market is ready to take profit. 

At this point, in theory, bank forecloses, property is sold for 200k, each lien holder is entitled to their share of the profit.  

@Ben Meier  I'd pay cash for the major repairs and live with the cosmetic issues for the time being.

Largest non-profit trade association that advocates for landlords and property owners in MA.

Therefore, we're going to assume it requires a major rehab and can only offer $150,000.

If you do how do they help you with more profitable flips?

You won’t get your EM back but you may decide to just forfeit it if you find major problems

I have been reading loads of books (my all time favorite is Crushing It in Apartments and Commercial Real Estate), listening to podcasts (favorite is obviously Bigger Pockets, also Jake & Gino’s Wheelbarrow Profits), and reading a lot on the forums.I currently run my own personal training/online training business.

Similar to the majority of folks on BP, real estate is always on my mind.