I would consider where this property is higher on the spectrum of C's to B-.

It's a broad subject, but you gave me food for thought.Been reading many posts on here dealing with lease options and I quickly realized two things: 1.)

I have a great broad overview at the moment but still lacking the full education I need.

Your buy formula is a personal choice as far as target yield.Due diligence in broad terms covers:1) marketability of note, legal, etc. documentation2) the borrower (credit worthiness, payment history)3) the collateral (equity, other liens etc.)If you are proficient with a financial calculator make sure your settings are correct for # of payments per year.to calculate "i"/yrenter "n" number of remaining paymentsPV= the price you pay for the note if its $50,000 enter - 50,000PMT= scheduled monthly payment if it's $500 enter +500FV= usually "0" if it is fully amortized (if there is a balloon enter that number +)Most people get tripped up on when to use a negative or positive number.then press "i/yr" that will be your annual expected yield

@Kristine CongerYour question is too broad. 

Stay in the same general area, don't drastically change the game plan, and decide from there what direction to go.I'm in the low end of the spectrum, with a bit of variability between the best and the worst.

"Foreclosures" is a broad topic.

To answer your question, the fraudulent conveyance theory is based on the general rule that, speaking very broadly, in many states transfers by a debtor while insolvent in order to "hinder, delay, or defraud" creditors are subject to being set aside.

As far as cleaning crews, I use 3 Broads & a Broom for most of my properties but have tried a few others with varying results.

I think I represent the opposite end of the spectrum--my wife was all-in as soon as we started talking about it.