It’s between them how we get paid, as long as it’s on time and in full.When a tenant wants to be taken off the lease, we require both tenants to put that statement in writing and sign/notarize.

Could I draft my own note and have each party notarize the new terms of the loan?

Then be notarized and wire the funds, they don't table fund even in those states...Seller cannot be late in past 12 months or in default or in a modification or any other troubled asset review department like bankruptcy.FHA's are mostly assumable, VA is but VERY tricky as it isn't good for the veteran - they lose a percentage of eligibility.Servicers do not have loan officers to help you, they don't get paid on assumptions.

If they said no, my rebuttal would be asking them why not, are you planning to not follow through with our agreement? 

I’m not. Are

Although it's true most SFR are pretty placid, the times when they are not are definitely anxiety-inducing, I agree. 

I managed to track down the previous seller and informed him it was his responsibility to file a release of mortgage form and even provided him with a form already filled out for him to sign and notarize. 

If not, are you able to rent out rooms of your house to offset your mortgage?  

The mortgage lender mentioned having signed leases from all renters along with a notarized letter for each property.  

If not are there any changes you would make?