This is the banks attempt at selling the house before they file a claim with HUD and sell it back to them. 

You can make a last attempt by reminding them of all the benefits you can get them (they get a cash offer, don't need to make repairs, don't need to pay RE agents or closing costs).

She should be scared, she is attempting to get a hard money loan in LA, which is 150-200/day in interest. 1000/mo is nothing in LA.Elahe Ahmadi From all that picture on a 2300 sf house, it needs a gut out to the studs.

Hi, I just bought my 4th rental property but I don't have much money for the rehab, so I'm thinking of attempting to do some of it myself.  

I would not attempt this until you have a better understanding of what is and isn't a good deal as well as a basic knowledge of how Loans actually work. 

Here I'm attempting to estimate actual expenses.

You can sell it or make an attempt to purchase.

Stop reading guru junk, learn real estate before attempting to deal in real estate.Zane was writing about rights of redemption in each state.If you have a contract or written request from the owner you can pay the full loan amount, fees and expenses prior to any sale by contacting the lien holder and the Trustee.

I am looking to do a 3% convention and will attempt to "house hack" this property by continuing to charge my other 3 roommates their share of $650/bedroom. 

If you start out purchasing a 4 unit investment, you are already limited to a 3 unit if you next attempt to do an FHA.