Original owner went belly up, he then got some money from a private investor, 42k mortgage, then got a Hard money lender,  to lend him $132k.  

But, what happened in Silicon Valley is that even with the market crash, and the 6 - 8 month decline in rents - is that then the foreclosed-upon owners were now looking for rents, and rents not only came back to where they were, but soared way beyond what could have been imagined.So, unless your rental is in a town where the only employer may go belly-up (a one-factory town), you probably won't have to worry about it. 

I do this with the fat tenants as I figure them running is the only exercise they'll get all month. 

VA doesn't require PMI, however, there is a fat "VA funding fee" of like 2%.

We do not know if this is true, feel free to disagree:Essentially, really fat people have a lot of difficulty passing waste when sitting on the toilet.

I found they tended to get fat and happy after awhile.

If you want to deal with these people you need to be as savage as them and be able to make deals with them belly to belly .

That tingling feeling your feeling in your belly, that's your gut telling you to run.

In other words, they either know their credit history is dismal and/or their FICO score is lower than a snails belly button.

The reason we replaced the pipes in the backyard is the Plumber told the tenant that there were bellies in the pipe that were also contributing to the sewage problem.