You might be looking for a reasonable modification.

The agreement says the person you are sub leasing to is not responsible for the terms of the lease until the various repairs/ modifications are made to the property, assuming this is in writing, you are responsible until the repairs are completed and the person moves in. 

The property is in decent shape but with modifications I can increase rents for immediate ROI.

., new LLC, modifications that have a significant change of control, etc.) can trigger a Washington state real estate transfer tax. 

This property I am under contract for was purchased new in 2019 for 500k, and with absolutely no modifications since purchase was 260k over what they purchased it for.

Foreclosure or refiancing is much easier with a servicer involved.When you modify a note that was initially an equity note you change the complexion of the debt since you paid and advanced cash, take great care in your modifications paying the equity first then your basis as your basis can fall under deficiency judgments, equity is not.Get up on the tax issues too as a modification can be a new loan and selling the note is obviously income.If you can get borrower information (processing issues) you can certainly take the road of HMLs and look at the LTV.

The "bad loans" don't scare me much those as most loans have buyers with skin in the game in regard to down payments, proving they can repay, etc.There is some talk going around about helocs adjusting, and loan modifications adjusting, that may add some desperate sellers to the market but we will see.

Usually when I talk to Lenders I try to give them the most about me before the credit is pulled so as to not waste both our times.Would love additional questions to ask Lenders or modifications to what I already compiled.

I have Horrible credit (580) and just finished going through a long ( 2 year long) home loan modification, mod was finally approved and finalized last month.   

This is a modification of our Turn Key model.