I don't understand how $2200/month rent on a $292500 loan + taxes+insurance at 7-8% interest? 

I do not understand "door disease" or "door syndrome": one hotel, resort, or apartment complex, is better than two hundred separate LTR's agree.

I understand having financial difficulty.  

Quote from @Daniel Sharma: Hi,Looking to understand the foreclosure process.

Because of that, I always plan for the worst, even while hoping for the best.My recommendation is to first get a clear understanding of how long it will realistically take to remove this person if they fight the eviction process every step of the way.

As I understand, there are several things you can do with vacant land and infill lots and how you can partner with builders.

I've been reading through posts, absorbing what I can, and trying to understand this world I'm stepping into.I'm currently based in New York, which is the market I'm most familiar with, though I don't own any property yet.

This is my understanding as well 

Understand that marketing and management can signficantly influence how well a property performs 20, 30 even 40% above (or below) average - which is what these data sources are telling you.   

No offense, but don't understand the point of your post - except for some, "rah-rah, you can do it!"