@Alecia Loveless, I think what you have to lose by taking an action like that is potentially deducting the value of those items from what they owe you.

I've  seen Finance Cowboy's (Jaren Sustar's) videos in my Instagram news feed and watched a couple of his YouTube videos.

You are WAY ahead because you took action get a 3-family.

Now full disclosure, I am only a few months into my relationship with these providers so it could all blow up in my face, but ultimately I wanted to take action and for me this was the safest way to do that and I also figured the learning along the way might be worth giving up some larger returns. 

I have not taken action as a renter yet. 

Now i cant see note investors not starting the action but I can sure see banks doing that then selling a note to some nub who does not know this..

If it's not a lot you could easily end up upside down in this home in a shaky market and that's bad news if the buyer/tenant becomes a problem. 

If you are buying a turn key and do not expect to take cash out for a few years just gauge that on your prepayment penalty years.Rates vary depending on credit scores, LTV, DSCR ratio, Loan amount, Property type, number of units.Good news is rates have been dropping so DSCR may not be a bad option if you buy and simply refinance in 12-24 months.

You might tell your grantors that if they don't assist you now, you may have to bring a quiet title action to resolve the issue and that might make their lives even more complicated. 

Hello Felicia, The good news is that rates have started to come down a bit so that can help your cashflow a little more.