@Lydell StaplesThere's no regulations that prevent it, but I doubt there will be many investors willing to hand over their money to a convicted felon.The world is a cruel place.

Obviously you will have no mortgage to pay, which helps with cashflow right off the bat, however you have a ton of money tied into the deal, which may prevent you from growing at a rate that you want to.

From a viewpoint of maintaining W2 income to qualify for traditional financing I can understand it however when the ball is officially rolling and you have a fair amount of capital in your possession what has prevented you from taking the leap into a more full time and active approach to your investment dealings?

Crazy idea, Consistently late, If the cure or quit did not prevent repeated late payments the tenant should already have had their lease non renewed or been evicted.

I don't know any of these kinds of investors directly but it's a good thing we have laws in place that require a process that prevents lenders from steamrollering people out of their homes. 

The only thing that prevents this is if supply outpaces demand.

Question: Can I pay association fee to prevent new foreclosure (State Minnesota)?

Any recommendations on how to prevent this in the future? 

Your personal DTI will prevent you from getting future funding even if you could get the 1st $200k. 

The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.