Foreclosure process/costs after purchasing non performing note?

[Samuel S.]

Hey BP,

So say I was to purchase a non-performing note, and ended up having to foreclose on the property...What would be the ballpark costs associated to execute the foreclosure? Would it be roughly the same as when traditional banks foreclose?  

I am just curious, as I feel like another exit strategy would be to just rent the property if the market value price was not worth selling?

Any input would be greatly appreciated!!