Can I take Curbio a proposal use that to market to an investor to purchase the home and how easy would it be to I guess “transfer” all the work we started with the proposal to the current home owner over to the cash buyer?

It doesn't take a rocket scientist to follow the money-bank transfers or receipts to show rent is being paid to the owner of the home or a PM and a copy of the lease. 

It looks like a database for deed transfers.

its hard to think if it was a normal 30 or 45 day rate lock lock that the process is taking that long to where you would need to extend. i was trying to catch up on previous responses, but it sounds like the cap at the 66% LTV was to keep the DSCR ratio's in line to keep the original terms the same. i do agree with a previous comment that 1.5 bps a day is very reasonable for extensions. most non-qm lenders will except an appraisal from another company and transfer it over. however most lenders (if they are sticking with the same company) will not usually allow a 2nd appraisal, so they might be sending elsewhere anyway. hope this helps

Also, get a "transfer of Property Management" letter from seller at closing, that you can send/show tenants so they know exactly who you are.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Since there's no mortgage there's no foreclosure only an action on the Note asking for transfer of the shares. 

I would get 0% offers for balance transfers where the bank would allow me to access up to the card limit in cash and direct deposit into my checking account within 2 - 4 days (for 3% fee).

Sounds like we are down to the last few items before wire transferring funds to me.

What I take from the stories here is that OP's friend's parents transferred a house to a lady in exchange for taking over the payments.The lady stopped making payments and filed for bankruptcy with $7k left on the loan.