If not, are there any other solutions you’d recommend?

However, between the much lower mortgage interest rate in Europe and a better tax treatment in the US, I'd choose the former.

With the ever changing market, I'm looking to learn about how everyone else is finding solutions to the challenges we are facing. 

This is the best long term solution. 

He's one of the most efficient, effective & solution-oriented experts I've ever worked with.

It is likely your best solution will be a foreclosure or deed in lieu.

Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.

There are often creative solutions when you get others involved who have experience or resources.It sounds like you’re determined, and with some outside-the-box thinking, you’ll find a way to make this happen.

There are quite a few solutions out there so that even the most tech challenged person can pay electronically.

Even with a shared bathroom and living room, your place is likely much nicer than the average extend-stay motel, so if your rents are competitive, then you can likely serve this avatar.You may find that a 5/2 is an acceptable temporary housing solution for a family displaced after an insurable loss (fire, flood, etc.).