I have seen people just lie and tell an elderly person there house is only worth x when in reality we all know it's worth much more than that but they need to make a deal.....Perhaps I am losing out on deals but I only have whole saled properties that were bank owned and purchased by me already. 

Some are really bad I wont lie but there is also a good portion of them, (especially ones who are qualified with a CCIM) who know what they are talking about. 

The pay or quit notice will assist the tenant in getting her handlers moving.If your tenant is lying, which is always a possibility, regarding the employment being temporary moving quickly will save you time and money in the event you end up having to evict as well.Issue the notice.In regards to accepting partial payment...read your state specific landlord tennat regulations. 

However, in order to talk to someone civilly, you have to be talking to someone that is civil - so therein lies part of that quandary.Regardless, I and the other owners that are closeby are tired of how things are going.

You're in essence asking folks for permission to lie. 

Essentially what that means, is if you lied on the loan application and at a later date the bank figures that out, you are on the hook.Having said that, you will have a hard time getting a non-recourse on a standard residential property (1-4 unit).

Do you have 600k lying around ?

Also, @Chirag Shah, I did not have $36k lying around for the down payment and repairs. 

Some sort of profit sharing arrangement with the investor so that your interests are alignedAll in all, I'd say it is a risky play, but in risk lies great returns.

My interest lies in buy and holds so that I can rent out a multi-family unit in the near future for my first investment property.