Also, just wondering if the foreclosures ever auction for lower than the price owed on the mortgage? 

June 1, Would I be able to refinance to a traditional type mortgage or any other low interest mortgage to pay off hardmoney lender but be able to hold on to the property at a lower rate until it sales? 

Upper (and lower) South Providence has had some economic redevelopment type money for specific properties over the past decade, but I don't necessarily feel it's improved the neighborhood as a whole.South Providence is a closer to downtown, but Silver Lake is closer to the west end which is also nicer so I think they're about the same, if anything Silver Lake is slightly better since downtown/downcity isn't really residential.

(Of course assuming they're all the same price and add up to the purchase price of 1.)This is extremely powerful because although your net income from each will be LOWER (due to paying a mortgage), you'll be more diversified.

If you or anyone else reading has input or any access to deals like this, I would be very interested in hearing from you.  

Plus it seems that even lower income renters want granite counters. 

Mostly lower new haven county.

With that much equity you mine as well seek a deal at a lower amount where you control your own destiny and have to report to nobody.

I have already discovered they don't answer their phone, don't have website account access and don't take credit cards.  

My career goal is to one day design and build large, modern homes and I have access to the money required through investors, but having my dad on board is my number one priority.Build a successful real estate portfolio.