Account Closed if you are not concerned with the physical damage coverage and could walk away or rebuild with your own $$.

If you want the property ask the borrower for a deed in lieu of foreclosure, then you will own it, the incentive for them to do that is that you can not seek any damages or amounts due from them, you accept the property, subject to any liens, as full  payment of the debt created. 

The back of the home has a hole in the wall and one of the structural beams has been impacted - it appears as if it has suffered some light damage, although nothing major.

The house doesn't have much damage but is pretty filthy.

(Horizontal cracks are a big deal, vertical cracks not as much), condition of main beams (if it has wooden structural components, is there wood-destroying insect damage?)

I mean, the places I recently looked at are lower end neighborhoods are $550000 with foundation and roof damage, where the rents would barely cover the mortgage, these would be investment only properties.

The current tenants have vacated the property and have left $7,100 in damages.

We actually implemented tenant liability insurance with appfolio because we had a tenant caused fire in a property and after all was said and done the owner's insurance company went after the tenants for the fire damage, and they did not have the money to pay it.  

The second my dad got me to replace one that was damaged in a motorcycle wreck. 

The unthinkable has happened, a drunk driver ran into my mobile home! He pushed it a good foot so that the water lines underneath the home have busted and a couple of the cinder blocks it stands on are askew making it...