market rent increases has been very small in my sub markets (I suspect near flat metro wide).Ideally the property appreciates and historically it is true.  

In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway. 

Quote from @Jacob Campbell: Hello - After listening to the podcast, I've made a commitment to purchase a rental property by the end of Q2 this year (ideally by the end of Q1).

They don't allow auto payments or automatically add late fees, and tenants would have the option to pull their payment back, which is not ideal.

I’d rate this as a 3 out of 10 in terms of the best time to sell—it’s not the worst, but it’s not ideal either.Hope this helps!

I am conflicted on whether to use the 500K on one big property (ideally multi-unit) or buy several smaller properties.

Ideally, I'd create a shortlist of PMCs that other investors have recommended, and then put them through that selection process that you've mentioned.

Ideally you find something within a 30 minute drive.

Definitely not ideal or something I'd recommend to someone. 

I’m ideally looking to buy that first property in San Diego.ThanksSounds like you're well positioned.