Seems like a very strict penalty if this is not followed through.The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500/day while the violation continues (up to $10,000) and a criminal penalty of up to two years in prison. 

Not worth time & effort to go to court, your first meeting with an attorney will cost you as much as the rent.

The BRRR is a great strategy, but you will have to search hard to find a distressed duplex that you’re able to force appreciation on in this neck of the woods.

Check this link, Indy SFR Proforma, for my attempt at a proforma on a random SF property in Indy.

It will give them a cure period to pay the rent in full.

The investor “gave up” after numerous attempts to sell the lot or get a “refund” from the county proved unsuccessful.  

We will see more investors walk away because the properties aren't performing well, but other investors will pick them up and the quantity will remain high.Rates are anyone's guess.

Too much time and when the difference is only 20-30% the banks won't bother with a short sale.- The signed P&S and the arears cleared up will stop the foreclosure.  

Seller will either sign or not at that point.

BUT.... but, but, but, also how a person manages will impact this.