They may have overextended themselves or want to liquidate what they have because they are gambling that they can buy even cheaper in 6 months, who knows.

It might be better to cut your losses now rather than gamble on cashflow, potential vacancy and declining values.

When you buy foreclosures you take a gamble on stuff like this.  

I suspect two things are happening here: 1) Hotels are lobbying hard to squeeze VR's in this time of crisis and 2) the Governor made a calculated gamble that STR's are many small fish who, individually, are unlikely to sue while Hotels would certainly do so. 

Up until this point you've come really close to what I'd call gambling three times. 

If you have not established the proper relationship with them or they don't have anything to authenticate or verify you yet, an email is not worth anything.

It sounds a little bit like you might be conflating "Subject To" with a land contract ... which is where you and the seller sign a contract in which you agree to take some forms of title, while the seller keep the deed, liens, and insurance in place until the conditions of the contract are complete.In either case, the two cases you need to be worried about are:1) The bank calls the mortgage note because they realize that you transferred the deed, which is within their right, as per their contract with the previous owner.2) The seller dies, having told not one other person that the two of you are participating in a land contract, and you have to provide the contract and proof of it's authenticity to the probate court/judge/lawyer/whoever to make sure that your contract is enforced. 

I'm not sure I can at the moment as I only have about 50k cash (soon to be ~130k, but I don't want to be gambling away inheritance).

The Borrower has a right to their privacy and is subject to Fair Credit standards.BTW, obtaining a credit report to review the first line history is also a gamble.  

I would do it again but it was a gamble not seeing inside of house etc however it selling tommorow and it cost attorney fees, for mediation and that's about all that was extra since was an ejectment and not eviction.