@Shannon Wright can assist even though she's in Temecula.

So Im assuming even contacting the 1st is a waste of time, as they can get full payoff at FC sale, and its the 2nd (Mr Cooper/Fannie) that is needed to be shorted as they show the value $200k less than what they are owed.Any suggestions on how to do this is appreciated, really just need the 2nd to take a short.

So, even if you can find something over 70-75% you want to weigh if it is worth it. 

Capex can often be handled from the front end with inspections and contractor bids, but remember even a brand new house will wear out over time and need replaced.  

I agree with the others, even if they comply, when it comes to lease renewal either get them out or increase the rent. 

Sure, learn how to calculate returns, but also figure out your investment strategy, and even make your own spreadsheets to calculate the numbers that you want. 

So there’s really no reason to even background check them, since they won’t be living there. 

Some of our clients even find ways to get the businesses they own to be considered passive and thus taxed as such.

Real estate is not even in the legal top ten. 

Even if you do nothing with it, at least you have it and the sooner you act the better.