I am going to try to have the current tenant this is occurring to take me to their bank so I can get the bank statements directly and be sure I am not being played again.

Authorizes the eviction of a tenant from the property other than by the judicial eviction process set forth in the Wisconsin Statutes.Essentially this means that you cannot put any language in your rental agreement that states that if the tenant refuses to vacate at the end of a lease or after committing a breach, that the landlord is able to engage in self-help eviction.

Are you speaking with a person with no lending authority, or are you speaking with the person who can approve the loan personally.  

The vast majority of Madison, Morgan, and limestone counties should be prime appreciation plays over the next few years.

If it’s so bad, instead of playing detective or code officer, why not move?  

If you want to get into the market for the appreciation play and are willing to negatively cash flow a bit you could consider a negative DSCR loan.

Watch some YouTube videos and role play with someone on the common objections (price, how assignment works, etc).

I think there's more here than an appreciation play. 

At the time I was busy with my main business working with tax foreclosed properties, and I didn’t really have the time to do NPNs on the side, but it seemed like something I could expand into in the future so when Scott approached me with a JV (Joint Venture) proposition to passively invest in some CFDs he was buying it seemed like a great way to get some exposure to how these played out.

Like 50 or 100, not just 2.Not enough specifics to give you a better answer, but it sounds to me like you are considering giving up a great equity play that moves the needle quite a bit (San Diego, right?)