The unscrupulous investor will: Have the homeowner sign a Quit Claim Deed in which the homeowner signs over their ownership in the property.Fail to explain to the homeowner that they, the homeowner, are still responsible for the mortgage.Fail to warn the homeowner that they could be violating their “due on sale clause” with their lender.The homeowner is usually elderly or part of an at-risk population (English isn’t their first language, disability of some kind, etc.).The Division advises the following when it comes to these types of rescue transactions: Don’t sign any documents or a deed to anyone until you have had a chance to talk with your lender and an attorney about your mortgage obligations and your legal rights.Colorado has a Foreclosure Protection Act that affords you certain rights when you are financially distressed.It’s best to take proactive steps when you first start having financial problems, and here are some resources that you can contact:Colorado Housing Connects – Colorado Foreclosure Hotline – Colorado Bar Association “Find-a-Lawyer” – Colorado Legal Services – Disability Law Colorado (Formerly The Legal Center for People with Disabilities and Older People) – 

In either case, they can't be applied to all cases.My takeaways:1 - Your takeaways should have been understood long before you "jumped in".2 - You probably missed many more important takeaways than the obvious ones you mentioned.This post wasn't meant to criticize you, as much as it was to warn you NOT to continue "just jumping in". 

I read an article warning about possible illegal wiring, plumbing, bad sewer, rotting floor and danger of mold.

If it’s not a payment issue, I will give them a warning with a deadline to fix in writing first, then if they don’t fix the problem by my deadline, I start the formal notices and follow through.

You have given this tenant ample warnings and they are clearly screwing with you.

Watch your commercial a$$es.To add to Jay's  Heloc warning, I see residential folks using blanket portfolio and commercial products with cross-collateralization clauses and all kinds of small print. 

This is primarily due to the fact that I only use M2M leases, I have a excellent relationship with tenants and they will give me warning well in advance of their planed move.

Welcome to BP this is the best place to learn and connect with fellow investors, from listening to the podcast Detroit is one of the places that they warn you about, but since you already invested i how it works out for you.  

If you want to sell it I wouldn’t even give her any notice or warning .

and people mis mortgage payments this does not mean they are goign to lose the house in a full blown foreclosure.the notice's to warn the borrowers became federal law about 2011..