Also I would buy tax deed land for say 2k sell it a few months later for 10k on terms that was my cash flow. 

A rent payment isn't enough to cover the DSCR payment, HELOC payment, tax, insurance, and maintenance.

Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.

I understand the safest option is to have a lawyer review the lease, but I figured I'd try to answer my beginner questions here and not waste the lawyers time (and my money) on the "for dummies" explanation.Thank you!

And you would get to indefinitely defer all tax on the gain from the sale.

I get that but when you have what could be wipe outs here It would not surprise me that lawyers will go after anyone and everyone who might have been a nexus for their clients to invest in this.

Hopefully your lawyer also mentioned insurance- title and hazard.A quitclaim deed transfer can hurt your title chain and title insurance. 

You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.

It is DSCR based and no personal tax returns are required to qualify.

I'm wondering if some one can help with an explanation about why a Hotel has many rooms with tax lien on auction?