I need some suggestions on how to handle a situation with my tenants.

Typically in these situations the property also is less valuable as well which turns the second into negative equity and wiped out in foreclosure

Quote from @Christian Gibbs: We are in a unique situation where the market seems to have hit a peak with rent rates.

I assume a situation in which I have not signed any contract, but realtors who met in local meetings provide duplicated information.

You have to know that this job requires you to do uncomfortable things and take charge of situations like this. 

Mortgage assumption can be a smart move, especially with rates where they are.Funny enough, my buddy Mike over in Austin ran into a similar situation last year.

Investors thought they could extend their debt, but that doesn't appear to be the case with what has happened to rates.This cycle would have been a disaster if our banking system was in the same situation as 08. 

I had a guy come to one of my houses recently and he said the situation improves once moisture is removed.  

I talk a lot about REI Nation and how they've been my fantastic partner over the past year - they are a one-stop-shop and have helped me through some challenging situations.

In Upstate NY it takes 3 - 4 months to get someone evicted and it's a stressful situation to begin with.