I wanted multifamily originally but found the lack of inventory and high prices a big obstacle.

Originally posted by @Nicole Foglia:I bought a mixed use property in Newburgh NY for 120K.

Uh, let’s respect the facts: your original lender told you that it was going to sell the loan and you needed to wait.those are the facts.

If your friend is going to find another tenant, they should let the original tenant and the voucher office know right away so that they can get back to looking.About half of my portfolio are voucher tenants at the moment.

@Tim Townhill I'm late to this post but curious what progress/feedback you have since your original post?

I think you misinterpreted my statement: without insurance if someone trips and falls and sues, or just feels like suing the original poster - if there is no insurance in place the owner is responsible

I originally decided to sell so I could move to Washington to be closer to my daughter who now lives in Canada.

To your original point nothing is every simple..  

As long as it is within 6 months of your original purchase date, the rate for delayed finance with DSCR should not be any different than if it was made with original purchase.

Pay the termination fee or stick with the original agreement.On the other hand, you may consider lowering your rate and encouraging him to stay.