Fixed rates are much easier to manage.Something too, which portfolio are we talking about, as a note holder or as a borrower?

If they couldn't pay their rent, you will have a hard time getting money from them.My state does allow a judgment holder to go after the defendant's state income tax refund.

Please do correct me, but as homowner you can choose to accept or reject any lease holder.

The “buyer” had no interest in the property, not a mortgagee, a lien holder, former owner, absolutely no interest.

Can't you just get on the listing agreement as an option holder and have all other offers brought to you?

=====================A while back I saw an articlethe person buying the property and running the businesswanted every day people with herShe offered shares $5,000 eachwhich could be shared5 x $1,000 eachwith one person in charge ofeach $5,000 investment.They could purchase as many shares as they wantedbut no Majority share holder voting allowed.Everyone had equal say.She was always Chairman and CEO.On her death the property and business would be soldand investors paid. 23 shares x $5,000 = $115,000and she put in up to $10,000Do you know of a deal like this?

I wouldn't add an 18 year old that is the child of the lease holder, but I would definitely run background checks on other relatives/persons that are over 18 and will be living there. 

Getting the seller to sign off on the refund may be difficult and the escrow holder may be bound to keep the EMD in escrow until the seller releases it. 

During the construction phase is the right time to buy if you are a long term holder.

Another thought would be to have a private money lender in place that would be first lien holder on the property for 75-80% value (still a safe deal for them) then put a tenant buyer in place.