So we are not unicorns, we exist!

There's no need for me to keep asking for a response because their lack of responsiveness hurts them and rewards me.You aren't going to like every tenant, and should count your blessings that two of them are really good. 

You can offer to buy these properties and assume the existing loan.  

You can’t change an existing lease.

This policy will provide additional coverage above what your existing policy covers.

That said, I will still try to provide some “clarity”.Purchasing a property “subject to “ the existing debt can be done two ways.  

You can still find homes in these markets, among others, that are priced between $160k to $275k that still provide passive income, allowing your residents to pay down your mortgage, cover your other expenses and still have excess money to either save in an account for future investing or pay down your existing mortgage faster. 

@Ian Kibbe digging down the basement is pretty pricey and it depends on the existing footing and the state of the existing foundation.

I would also tweeker, I mean tweak, the non-existent application process.

Maybe do a sale subject to existing finance and do a wraparound mortgage?