If that doesn't work, and money really isn't an issue, I'd check with the DMV about abandoning the home/title so that you're not on the hook for lot rent in subsequent months.

The bad news is that once you use the "no down payment" option the funding fee will go up on subsequent loans.  

I even relayed to the neighbor that if the issue persisted that the tenant would have to call Animal Control and he would be issued first a warning and then fines for subsequent issues.

It'd charge a flat fee and subsequent renewals after the original lease was over would be discounted.Any interest in this or not so much?

If the year 1 Bonus Deprecation exceeds the deduction limit are you allowed to carry forward these deductions in subsequent years until they are exhausted?

He subsequently mowed & trimmed the trees.Sold it 18 months later for $60k & they built a $385k home on it.

Sponsors that have survived cycles before have the advantage, and they also have the memories of their struggle to raise capital during their first (and perhaps even subsequent) down cycles.

Bankruptcy however will preclude a foreclosure from progressing until the case is dismissed or the lender/servicer obtains a relief from the automatic stay.So in your example the borrower filed BK, then the case was likely dismissed or the lender was granted relief and subsequently filed their LP.

Having some background in finance, accounting, tax, and business law, I am aware of the textbook advantages and disadvantages that each offers and their subsequent financial statement impact, but as far as actual operating ease and efficiency what is the recommended entity for holding these real estate assets?

We subsequently purchased an additional large complex 20+ units in the same area (maybe .5 miles away).