If the owner submits a completed application before the servicer starts the state foreclosure process, the servicer can't foreclose until the following occurs:the borrower doesn’t qualify for, or rejects, the lender’s loss mitigation options, orthe borrower accepts a loss mitigation offer but fails to fulfill its requirements."

Hope is the industry gets some relief soon and I can revisit some options to further improve asset revenue through amenities and/or roll into a better rate a lower principle.

I would strongly advice consulting with an attorney or financial planner to discuss your options.

Seller was not willing to extend contract or accept creative financing options.

While you work on that, you could also explore creative financing options like DSCR loans or partnerships to fast-track your first STR.

Cleveland is another solid option.

As others have suggested, you could get a conventional or FHA loan if you want lower down payment options.

You have options!

Has anybody found a workaround for this or would the seller simply have to hold the note long-term without the option of selling it?

Question 2: if homes upside down on mortgage what are my options?