They do have to step in and pay on the underlying note while they foreclose on the wrap this to protect their credit and theoretically project their equity The issue with all this sub to and wrap stuff is under capitalized investors or investors that dont know enough or investors that have a no morals and just look at these like if it works great I have little money into this no real equity and I am not on the loan so if it does not work I will just walk off .. or really bad actors that get into title rip rents and never pay the underlying I have seen that more times than you can imagine. this sub to  wrap stuff is just super dangerous and I dont care who is training people on it there are just to many things that can go wrong when your sub to deals or wrap deals are with owner occs and their mortgages.. seller carry backs like we did worked fine and the deals were smaller in those days. 

If you dont want to deal with what you have now, just imagine if it were tens times more problems and expenses.

Imagine if you had one single-family home.

I couldn't imagine telling my mom I can't afford to help you, or my wife not being able to be there for her mom, or not being able to see my grandson when ever we want.

I was blown away by the amount of never responded to emails and communications When you purchased the property did you keep the property manager in place?

Preferably contact us by e-mail as we are not allow to self promote. 

and I was just one little mortgage guy with 450 loans out.. can you imagine the banks with hundreds of thousands of loans and servicing companies.. so having mass equity or paid for keeps this from ever being an issue. then when I sold these off.. most for cash but a lot I did a 30 to 60 month ZERO interest deal on.... and boy you should have heard the cash flow cool laid drinkers..

The judge asked if we had negotiated and I said I had offered him the opportunity to just leave, which he declined.Anyway, he has set aside a whole hour for the hearing, so I can only imagine what a pain it will be. 

I'd be happy to share, but would have to email the file.Jeff

As far as waiting until you graduate: either option would work but I would imagine your biggest obstacle at the moment would be that you do not have a set record of wages from an employer.