I know here in TN that once you win a property the prior owner has a year to pay the taxes.

Where do you get the money to pay for the mortgage for those months it sits empty?

The electrician that inspected explained to me that there was some cloth wiring present, but it was all grounded, making it safe.

Take Home Pay:  Approx $105K/YearMoving to Colorado in the next 6-9 months Living with a friend for extreme discounted rate Own two homes, one in Colorado cash flows around $250 , one in Florida (property of topic) [Mortgage$3200 HOA $440]

So location is a big thing, The better the location the more you're gonna pay which cuts into your income.Good Luck!

My lawyer's team suggest that the former tenant may be too poor to pay.

I'm between miami and columbus for ground up development and new construction and licensed as a general contractor in ohio, licensed agent in both states. 

If you are looking for ways to track/calculate principal and interest payments, you can use loan amortization excel template, plug in the principal amount, loan date, interest rate, and the number of years to pay and it will show you the monthly breakdown/details you need to track the loan.

First of all, if you haven't done this before, I highly recommend partnering with someone with some experience in ground-up spec construction for 3-4 deals before breaking off on your own.

If you can build AI to compile all information about a homeowner to score and rank homeowners based on their likelihood to be motivated I would pay good money for that.