However the property is not performing and it’s affecting our personal lives now.

This is a micro economic condition based on a specific market as not all markets perform the same.

I'm wondering which company buys performing loans and what hurdles I might face?

I would highly recommend you create a Market Report in PriceLabs to see how similar properties nearby are actually performing.

The math says to perform $500 sewer clearing each year instead of $5000 excavation, but the $5k bought peace of mind.

What is the experience of the group at performing this sort of development?  

My 22 year old son will be leading his second rehab and will be performing his first live-in rehab.  

In fact, someone just called me last week and had a non-performing rental package that they purchased in the same fashion and the prices they bought at, considering the actual condition and historical performance of the properties was too high in my opinion. 

It is also likely that property insurance nation wide will increase substantially.Hopefully investors are performing conservative underwriting.  

It is widely recognized as a loss leader within the industry and those who are successful normally have a complimentary business such as a brokerage or a construction company that performs complimentary services.