We know they’re hard working and would like to continue working with them rather than move toward foreclosure, but we know they’re in over their heads if we continue under the current terms of the mortgage and don’t want to set them up for failure. 

Heads up, South Korea is now forcing Airbnb to offer full refunds to South Korean guests all the way up to the final day of the reservation. 

For example, $50,000 loan at 10% paid out evenly over 10 years.Like I said, super new to this part of the business, so trying to wrap my head (and spreadsheets) around it.

I suspect these things tend to snowball on top of things, wherein funds start cracking and you have to keep running faster and faster to keep a roof over your head and everyone paid.

Even when I was younger, I understood that it could be a great way to achieve financial freedom, retire early, and live without the stress of money constantly hanging over my head.

@Mike ReynoldsYou hit the nail on the head in that seller financing would fall under the non-recourse loan category; therefore, UDFI would not apply.

It's a competitive market and most of the people that get in trouble here are ones that buy blindly without actually figuring out the numbers, etc.You'd be surprised the number of times I get asked after month one if their electric bill of $xxx or whatever is normal, and the thought running through my head is "how did you not  check things like that before you committed half a million dollars to something?"

Prep that if gonna be in London public rest rooms on every corner is not a thing, so empty that "tank" before head out. 

I'll head there next. 

Just a heads up