Bottom line is there are several options that may work for the current owner, I am just making sure I have all of my ducks in a row before I get blindsided by something I wasn't expecting.

Those people are blindsided when they have to start paying back the loans and many (if not most) end up paying for a degree they soon decide to abandon because it isn't what they thought it would be.College is one of those things that many people are very passionate about. 

Things I'm watching that are concerning are President Trump tweets and comments that have way of blindsiding markets.

Prepare for trouble getting him out, so you aren't blindsided when you go to take possession on the date he is to be out, and he is still there with all his stuff.But hey, you will get to learn how to do an eviction! 

It sounds like the whole scope of lease changed when this tenant blind-sided you.  

With great rewards come great risks and at time even though these risks are calculated we tend to get blindsided by the "X" factor so I would like to hear from those who "failed" at real estate and if possible, share with us your strategy that you used to recover and become successful.

They get blindsided by tenant destruction since they never inspected or screened seriously.Don't realize how illiquid real estate can be in even a good market.

Good luck whatever route you take, educate yourself so nothing blindsides you.

If so, great.But by using 50%, you will rarely be blindsided.5.

Sure, but WHEN not if I get blindsided by an unforseen expense it is going to hurt a lot worse if I don't have my cushion to cover my arse.