I have heard that sometimes they don’t and that’s what prevents an assumption from working out.

Your post history indicates that it's not that many which further proves my points...It's a low margin arbitrage game when you're 100% financing deals and you will quickly run into DTI issues that will prevent it from scaling.

It sounds like the transaction is close to closing, which means instead of finding a new buyer, they'd likely be open to reasonable concessions.Included full clause below...FORCE MAJEURE: Buyer or Seller shall not be required to exercise or perform any right or obligation under this Contract or be liable to each other for damages so long as performance or non-performance of the right or obligation, or the availability of services, insurance, or required approvals essential to Closing, is disrupted, delayed, aused or prevented by a Force Majeure event.

point is even a great tenant can have life events that prevent them from continuing to be able to pay rent.  

I mean they have so much control. Get a bunch of people to tour the property together. ARV is very generous. Then understate costs. Seems like a tough situation. 

I did 4 fundings in Janesville last year and my guy got through the first one on time and for profit we expected then he up and passed away from a Diabetic coma.. leaving me with 3 that I had to work out of .. two I sold right away for what I had in them one we made a small profit It happens.I do background checks  dont really care to much about credit but I dont want any criminals and then If they are married I want to meet the wife and take them to the nicest dinner in town.

I was told it was done just for preventative maintenance early on as the area had had some settling issues in the past with other properties.

People gets locked inside factories in China to prevent thefts like they did  here in the US in the 1910s.Please keep in mind IF we all support oligopolies, the download/streaming business can end up like the internet server provider/cable business, where you and I have no real choice anymore.

At the end of the day, if it all works out, there will be no additional income shown on your tax return, you'll only be reporting the transaction for informational purposes and to prevent a notice.

The problem of course is that we already paid off the county so I'm not sure what would prevent MDH from simply redeeming the lien and then we're in the same position.