They would be asked to reaffirm the debt or turn it over to the lender Again since they already deeded the property of the did not reaffirm the debt the lender would go to foreclose and you would have to pay off the debt at that time.

A lot of that money is probably "flying to safety" right now in blue chip corporate debt or MBS/CMBS.It seems unclear which way MBS yields and thus borrowing costs will go in the short run.

They don't budge on accepting a discounted payoff and they don't sell the debt or liens.

"average cash-flow of 10%" after debt or before?

How can something that's performing and covering its debt not be allows to restructure the financing to keep the property performing.I am not in any hurry to go out and sign for debt or take over anyone elses problem, i'll stay focused and carefully evaluate my deals, i've studied some real estate courses plus with a board like this and all the years of experience I think I will be ok.We all know that banks are GREAT property managers right.... not!

Additionally, IF corona comes back in the fall/winter, I don't believe people will have had enough time to repay debt or build up savings to go through another round.

First come first serve.Do these come with no debt or back taxes?

Contracts made in contemplation of bankruptcy or made after filing may not be included and you should have a letter reaffirming the debt or obligation from the BK attorney.

I've done some online research and it looks like an easy way for a borrower/debtor to delay the FC process.Anyone have experience with this and wouldn't mind sharing? 

your personal debt or income will not be factors in most cases for LLC which can help you out in some cases and thier may be tax advantages as well as liability reasons.You probably will have to sign personal guareentee, I don't fully know the legal ramifications of that while having LLC.