Now, if the loan is non-performing and has not been paid and there is no longer such a relationship with that customer, there could be sales to anyone willing to buy them, such as an auction, but the borrower is made aware of this as well, if notice can be given.I'm also speaking of a bank loan, not a secondary market loan that was sold and securitized as Dion covered.

They can get a loan from the solar company, but would prefer a HELOAN or HELOC to cover the solar and consolidate.

We live in this nice house because I'm covering some of the mortgage expense with the income from the house hack.

Time to close, cost of capital, & their requirements - there's a few that cover detroit & will lend up to 75% of ARV, 90% of purchase price + 100% of rehab costs

Once you evict them and are ready to rehab, you have various loan options to cover the renovations costs and pull out equity.4.

NW covers a broad range of neighborhoods.

This is a 2500 sq foot 3 bed 2 bath both sides.

That being said there are those that are willing to accept buying in an appreciating area where the rent only covers the mortgage (PITI).

And typically long term rentals don't make it easy to include property management fees into the numbers and have them still work well.I would consider looking into STR type areas where you can avoid the risk of property damages (str and pm insurance covers almost everything that they might damage) and evictions/collections.   

Some of the best BRRRR deals I have seen play out this way:You buy a home cheap enough that when you do a renovation and pull out 75-80% LTV, your rent covers your mortgage and you have returned most of your investmentThis is for A-B class areas.