Either1) your startup takes off and you can distribute profit fast enough to pay off your debts, or2) you find another source of $100,000 a year (which barely even starts to pay down the $300k, but might provide a better chance for a better loan), or3) you BK and possibly lose the rental houses to creditors (hopefully not, but we don’t know how they are held), or 4) you sell the houses, take the tax hit, work with the IRS on a payment plan whose interest will be much lower than your CCs, and focus on the startup.  

If they don't pay or violate the lease in any way, they can lose their vouchers. 

You'll probably lose a little, but at least you'll be done with them and can start fresh.

As your equity grows, you start losing money. 

If you are working and busy and can't respond quickly enough, you might be losing people who would have otherwise rented because someone else answered them first. 

If you listen to David Greene, he's hearing more and more stories about syndications struggling to keep up with their promises and a lot of investors are losing money, or pouring more money into the syndication to try and save their original money.

Regardless of what you do the senior will likely lose their low rent situation whether you buy the property or not. 

It depends on if you want to make money or lose it. 

Y'all losing all of your properties because you don't want to be a DECENT HUMAN BEING?!?! 

Prior to losing the home in foreclosure the previous owner had retaliated against the lender by cutting out most of the exposed electrical wiring and removing the heat and air units from the property.