What you could doIs continue to pay that loan and have the owner also select finance you the balance.

@Brett JurgensDenver property owners can reinvest without selling by borrowing against equity or selling with a 1031 exchange.

@Kim LeduffIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

@Peter W.From my experience, a second-home investment strategy works best when you meet lender conditions like owner occupancy and rental restrictions.

Owner is a licensed real estate broker in the state of Alabama.

Therefore, you as the property owner would have a state entity assisting in any battle over a safe unpermitted unit.  

It's crazy to think some RE agents are suggesting owners to put their houses up cause fed funds reduced, they completely misunderstand but I let the market do what it does-- market.

OK Thanks Chad.. yes now that you clarify that and I also work in the low value asset sand box but only to Investors who have money to turn them around I would never count on those owner occ's to cure at least at any large % to easy to  walk  and the properties as you mentioned many will be functionally obsolete and economically obsolete so they turn into your basic zombie house that local wholesalers go for ..

The Owners Agreement has been a big help as it delineates the exclusive use/rights and shared rights to each area of the property. 

As the owner of the property that is being severely mismanaged, do I have the ability to move the money directly to my bank through government action?