I was wondering if anyone had ideas on how I might be able to attract more tenants who are okay with having this type of policy as I know it might be a bit of a niche market, but I'd love to hear any suggestions.

This was helpful. 

There are no plans to change that.Further, it won't help. 

The substitute of collateral was more of a scenario where you sold for $155K, and instead of paying off the $88K loan in your scenario, those funds stayed at the title company and were used on a cash purchase happening nearby in date. 

It's always a little more challenging investing in out of state (I invested out of state for 15+ years) but you can still be successful doing it. 

Here is a comprehensive guide to help out-of-town parents navigate the process effectively.1.

They helped us get the best coverage.  

It was a nightmare, and the foreclosures took more than a year and were extremely costly. 

Thanks in advance for your help! 

I have it narrowed down to two agents, one has more general experience in the area and are part of a large organization.