In general, DSCR loans will require the property to be either leased or at least "Rent Ready". 

This is required for most landlords in the city, as part of the rental property registration program.

If you gave the keys back to the bank  they simply would never deal with you again and I see that today even after 10 to 15 years from when it happened.

Lenders will lend the lower of the amount between LTC and LTV.Do you require an appraisal and survey?

Let’s break it down and explore how you might approach this idea, the challenges you could face, and ways to structure a deal that could work for both you and the landlord.Why the Landlord Might Be Open to SellingThey’ve moved out of state for health reasons and don’t have family nearby anymore, which might reduce their emotional attachment to the property.The idea of simplifying their life and pursuing something like sailing around the world suggests they could be open to letting go of the property if it helps them achieve their goals.With significant equity or potentially owning the property outright, selling could provide them with a substantial cash windfall to fund their future plans.However, their belongings on the property could signal hesitation to let go or simply a logistical barrier they haven’t addressed yet.

If local sales support the new value then you should not have to deal with the seasoning requirement.

As U.S. citizens residing in Europe, we are required by the local tax code to hold the property in our personal name.

My question is - Shall I simply not take a chance with her and inform her that I have found discrepancy on her application and her background and just ask her to evict?

Some documents require “wet” signatures… meaning hand signed.  

If a state requires a license you need a license IN THAT STATE.