If I want to get rid of the carpet for vinyl or laminate, paint the walls, and simply do a basic kitchen and bath upgrade what would that run me?

He charged me a few thousand dollars for information that is repackaged and rebranded, because you can simply find it on the internet!

Would the demand in the area support simply owning some lower quality but comfortable and well run apartments that already exist, where you don't have to do any fix up and can still make a profit at the lower rent?

The vast majority are simply hoping the loan doesnt get accelerated. 

And some simply allow it but put a very low minimum fee that can be charged.About 15 years ago I made a loan on some property and accepted “additional” collateral in the way of some lots in which I didn’t put much credit as they had some government liens so I was not in 1st position.

Quote from @Fernando Alonso: Hey Joe,Welcome to the wild world of Florida foreclosure auctions.You're asking a great and very common question, so let me try to clarify it as simply as possible.Under Florida law, the money paid over the judgment amount at auction is called a "surplus", and it follows a very specific distribution order:1) Junior lienholders to the foreclosed mortgage get first crack at the surplus.2) If anything remains, the previous owner (or their heirs) can claim it.3) If no one claims it after 1 year, the winning bidder (you) can try to recover it.4) After a few years, unclaimed funds eventually go to the Florida Department of Education.Now, here’s the key part for your case:The HOA lien is not a junior lien to the foreclosed mortgage unless it was formally recorded after the mortgage and named in the foreclosure complaint.

When looking for this I suggest you do not use the term HELOC but simply say a credit line secured by investment property. 

., cleaning, concierge, hotel-like operations), orRunning a business like flipping or wholesalingREPS simply allows rental losses to be treated as non-passive, so they can offset other income like W-2 or business profits.

The lender is simply looking to repossess the property through the foreclosure process.Are the homeowners at all affected if the home forecloses at this point?  

Hard Money can be boiled down to Project Cost/ARV.