Hi, As a property manager in Chicago, if a client of ours presented us with this situation, in good faith, I could not advise them to rent the unit. 

I want to present Investor A with a hefty down payment to cover improvements of his other assets, while also offering owner finance terms so that in the 3-5 year period he can “sell” the properties to me which I have been paying off throughout the time, so that investor A can successfully 1031 into another investment at that time. 

Presently, we (the Attorney) just sent out the Notice of Default and the Borrower has 10 days to cure.

Smarty Pants(me), or it makes way more sense to them, and worth way more to them.Maybe they know if there is civil war gold buried there, and they just haven't had time to dig it up yet? 

Makes total sense to me. before this whole situation I had presented them with a written lease that clearly outlines the rules for visitors. i.e no more than 5 days in a row no more than 20 days per year...

If I am losing money on LMHA as a landlord then there should be 10x that number of good people losing their vouchers because they cannot stay in good standing with the excess failures the system has at present. 

@Randall Ayers By coincidence I was at a market update meeting this afternoon and a presenter was a hard money lender in Arizona and...wait for it...Colorado.

Yes, if anything its easier since no residential restrictions. savvy participants.Harder because you have to know how to present a property, typically have to spend on chase costs prior to assigning.

He wanted me to sell the property for him, I knew it was paid off and I knew he didn't need the cash since I just sold a property for him a few months ago, so I presented the idea to him.

If the default is not cured ten days after notice, Borrower and each surety, endorser, and guarantor waive all demand for payment, presentation for payment, notice of intention to accelerate maturity, notice of acceleration of maturity, protest, and notice of protest, to the extent permitted by law, and rights under sections 51.003, 51.004 and 51.005 of the Texas Property Code.