It should buy time, and avoid legal fees being added to the balance as the foreclosure attorneys wont be involved for a while as they process you for different workouts.

Without this workout, the down payment requirements, current levels of interest rates and cost of the transaction would not be incentivizing enough to for investment. 

There are a couple opportunities thats on MLS currently, and I am crunching through my math and it seems to work out well (positive cash flow, decent cap rate).Some key assumptions I hope still holds true today:  low vacancy rate in general. ~1000-1200/month for a room in a single family house / duplex. 

Then use the experience to work out the kinks and build a strong boots on the ground team.

What would be my best approach, I assume find a private lender and work out some deal with them.All questions and answers will help thank you.Normally the lender for the reverse mortgage will start a foreclosure.

How did they work out?

Hi Nick, how did this work out for you ? 

How do you even know if things will work out?

Her credit isn't the greatest, but she's super sweet and a hard worker, so you are certain it will work out.

Start with a small one on the first couple to work out your system kinks.