To be honest, the rehab spooks me a bit as Burlington proper has loads of really old homes (100+ years), so I'm prepping myself for that hit ... but honestly, that's Future Joe's problem.

If so, and you have been give proper notice in accordance with the agreement then you have to leave.  

Considerations: From contract law perspective, House 1 has a severe misunderstanding or deceit involved (“Rent Ready” is not the fact at all), the purchase agreement shouldn’t be valid from the beginning; House 2 wasn’t properly executed, we should have the right to cancel the whole agreement.

Current neighborhood is C class and needs some slight repairs (new water heater, cosmetics and maybe more once a proper inspection is completed) According to current tenants though they are happy with conditions but would like hot water.

E.g. if you are a prop trader with a big balance sheet/trading systems, you can trade in and out of inverse ETFs all day. 

If it’s performing you can buy partials or low balance loans for under $10k but harder to find.Notes does have a learning curve and you just don’t start buying notes (you can buy it won’t be pretty).

The plans also allows me to borrow up to 50% of the balance maxing out at $50k.  

In this scenario, the lenders do not file a lawsuit but rather file this document directly not he land records to provide proper notice to the public that the lender is intending to sell the property, usually via a private trustee's sale.

I bought a Condo on 2016 which is  now worth about 600k( Zillow estimate) and I have a principle balance of 316k.

The Real Estate Center considers a six- to 6.5-month supply a balanced market.