I think they had this great idea they could just rent it easily and it would all be great but it is sometimes not rented and they probably didnt realize all the aggravations with being a land lord. 

However  what aggravates me more is I had a bad car wreck and am trying to settle that.  

He was just thrown in jail for aggravated domestic battery and will not see the light of day for 7 years. 

Sellers never factor in the time to fix something or aggravation to a buyer.Think of it this way.I see a house finished and in great shape newly updated asking 200,000.I then see a house needing work discounted at 185,000 needing about 15k of work.As a home purchaser WHY would you buy the 185k house, put about 15k in it to then arrive at a point where you just could have bought the house already done at the same price??

Don't waste time or aggravation on an "owner" that doesn't even know who the mortgage holder is.Get the title report, find out who really holds an interest in this property and get back to us.

Yes, you had some aggravation getting to this point, but there are many investors that would love to be in your current situation.  

I'll tell you this, if you want to save yourself the money and the aggravation of dealing with someone else get your license. 

I not only helped home-owners et HELOCs for 1/4-century from my career in the legal field, butI had a HELOC on my house in the '80s and '90s and it was heaven to NEVER again have to ask permission from a bank ... to buy a snowmobile; to buy a boat; to pave our laneway; to put in a new septic system (though that one they would have acted on right away to protect their collateral);I got a HELOC on another home in 2009 to make a sizeable investment in my business ... and it took forever (exaggeration; it look way too long with aggravation);Many of my clients are held back in their businesses because Banks keep taking months -- literally months -- to make lending decisions one way or the other.Yes, it's a topic about which I'm passionate!

He got behind on his rent so now I am kicking him out, which further aggravated the situation.  

Partnering with a pro on this would likely have saved you what will ultimately be a lot of aggravation, or worse.