If you have any questions or merely want to bounce off ideas feel free to reach out at any time.Warren

You paid for it, and are merely recovering the money you used to pay for it before you are actually ahead.Take that $1000/month, and invest it in a different property.

I also, can continue the eviction if the bank doesn't carry it out.4 bed 3 bath 2400 sqft with over an acre of landpurchase around $205k  ARV of $360-400k with an estimated reno cost of $50k The Unknown:for being an REO Occupied property, there are no interior pictures so I was only able to see the one picture of the exterior of the home (luckily enough I live a mere 15 minutes away and can check the exterior and neighborhood better)Connecticut has a crumbling foundation issue with many homes (crossing my fingers but also researched a little bit to make myself feel better)How much reno will be needed? 

Price was dropped on the MLS merely to generate more interest in the auction. 

A policy with a higher premium may be a better deal if it doesnot have a wind deductible.Most of the better rates are from companies that write the Building coverage on a "Replacement Cost" (RC) basis.It is a better coverage for the policy holder than "Actual Cash Value" (ACV).A policy basedon ACV will normally have a lower limit (ACV = RC minus depreciation).RC is the cost to rebuild the structure with the same kind and quality.

If it appears that you are merely acting as a broker for the original seller that would not be legal. 

The property is not cash flowing it merely breaks even every month, that is the situation up here, it is in a terrific location here which will appreciate in value over time (the average single family home prices here are around 750k).

The mere fact that you may not have enough to afford the triplex is just an on obstacle.

Signing leases merely to sub-lease is not a business model and in 90% of residential leases is specifically prohibited. 

It seems to be merely 1 billion people finally having cash to catch up on consumer spending habits that we've been accustomed to for the last 50+ years in North America.