After notice, an owner may not further encumber the property, they may not grant any interest in or to it except in a sale where the mortgage in default is paid.If you were to pay her anything, it would be equity stripping, same with any rents received above the note payment as all interests in rights to the collateral become due to the mortgagee.If a bank allowed a mortgage to be brought current and allowed her to rent, of sell, that might be different, this bank won't I'm sure......this is a "sorry & walk away" if you can't buy it. 

To not repeat what has already been written, this post focuses on an approach to test your entire portfolio.

But you were at the last meeting, I even brought my guys with me in case they asked questions, and the council didn't say a word..

While many investor here in Phoenix use a less personal approach to finding deals by sending as many letters and cheap sign.

What is a good way to approach getting a call back or is there a better way altogether?    

It has been a KISS method that has worked out really well for me and kept me from screwing things up, which I am sure would have happened if I would have tried to have been more Geek like in my approach.  

@Kimberly T.Your long post just brought tears of happiness to my eyes!  

The figures are as follows:Asking Price: 120k (will be brought down)Net Operating income - $20,088.00Total expenses - $10,201.96 (maintenance still to be given)Downpayment 10% = 12,000Less 5% Loan - 6,957.24NOI: $3,244.72 - a 27.04% return at $271.12 cashflow a month.

You could always try to approach it from an angle of diversification. 

I decided to go with a different approach by marketing, going to local meetups, and then finding my first deal.