The OP stated that "Any property I buy I eventually convert to an investment...".

You know this story, the OP got in over his head huge....bought 2 lots, attempted a custom home build with no experience...wouldn't listen to basic advice from the veterans here who've been getting our collective arse's kicked for decades.

By the way, I'm not talking about leading up to a filing of a foreclosure notice, I'm generally talking about after the filing, because that is what the OP was asking about.

So to pay $40k per unit in just 6-7 years would have required a 100% increase from $440 to $880/mo, and I would have been dreaming about op’s 45% increase.

They also went to the local airstrip and paid a ground ops guy $100 to get pics with a gulfstream that belongs to Rob Walton of Walmart. 

The OP’s mistake was in the belief that those numbers as posted are good/great.  

A lot of people are assuming that the "seller will pay the buyer's agent" but that isn't always the case, ESPECIALLY when the seller is unrepresented (and therefore the property isn't listed on the MLS with a clear, publicly stated co-op agent commission). 

Never thought about the question OP asked.It's funny because it makes me feel instantly better, that my doors are "mine" and not shared with 1-100 other people.The bank has the final laugh although.Reading future posts on this forum, with people boasting how they bought 20 units last month will be taken with a heavy dose of salt.

Of course if things go that route OP would need to have funds returned to him.

The OP stated that he wants to spend only $350k cash.