Even if you know the owner like a brother, you need to do your checks and balances.

"I'm willing to cancel the eviction so it doesn't reflect on your record if you vacate on x day and pay x toward your outstanding balance"Most tenants are unaware of the long-term consequences when they have an eviction on their record.

Principal mortgage balance is $159,531.

Just my 2 cents.I think there is a balance. 

I don't even think its worth a sub-toSounds like you spoke to collections (who will tell you anything to get money) and not loss mitigation, as paying back due balances are NEVER part of a short sale.

We do all our loans as balance sheet loans, so that means short term fixed rates with 20yr amortizations and 20% down. 

I generally prefer higher since I don’t plan on putting in small claims, it’s basically just for catastrophic loses and the savings in premiums over multpiple properties for multiple years should balance that out if I have ever have to use the insurance.

Balancing everything you're doing is impressive.

Detroit has one the highest rent to price ratios in the country…and we focus on the best balance of price/location within the area.Here is a picture of my portfolio if you/anyone is curious.

When interest rates rise, in a balanced market, rents should rise, as the alternative to renting - buying a home - becomes that much more expensive.