The Zestimate on my house has gone up so now it is around 230K, still lower than what it should comp at but much better than the original price they had it at. 

what level of returns are you expecting?

Also, just wondering if the foreclosures ever auction for lower than the price owed on the mortgage? 

Also, a reason not to accept a security deposit from a nonprofit or social service agency is because if you get into a conflict with the tenant, the organization will "advocate" for them, including legally, and may be quite absurd (and incorrect) about the level of "rights" they claim for the tenant, and this is super stressful, and also, now you have a very entitled tenant who thinks you're obligated to put up with all sorts of awful behavior- because they've been erroneously led to believe that they have excessive "rights."   

June 1, Would I be able to refinance to a traditional type mortgage or any other low interest mortgage to pay off hardmoney lender but be able to hold on to the property at a lower rate until it sales? 

Upper (and lower) South Providence has had some economic redevelopment type money for specific properties over the past decade, but I don't necessarily feel it's improved the neighborhood as a whole.South Providence is a closer to downtown, but Silver Lake is closer to the west end which is also nicer so I think they're about the same, if anything Silver Lake is slightly better since downtown/downcity isn't really residential.

(Of course assuming they're all the same price and add up to the purchase price of 1.)This is extremely powerful because although your net income from each will be LOWER (due to paying a mortgage), you'll be more diversified.

Plus it seems that even lower income renters want granite counters. 

Mostly lower new haven county.

With that much equity you mine as well seek a deal at a lower amount where you control your own destiny and have to report to nobody.