Same situation as above but mortgage fund lends the defaulting borrower money on a second lien to make payments on the first.6.

Some lenders work with 220+ lenders and can really understand which lenders are best for you based on your situation.

It's important to ask yourself, and be honest with yourself, how you would handle managing tenant situations if you were to become a landlord.

- is it going to be a Co-Ed situation?

If not on the MLS, they have to be about to be foreclosed on, way behind on their property tax or some situation that MAKES them HAVE TO sell.Same with rentals.

I am always fully transparent and the owner in that situation is a long standing business associate that knows my character, experiences and background, strengths and weaknesses included.

The due diligence period and having a good home inspection are your friends in a situation like that. 

With the situation you're going through, your first thought was likely "I'll raise the rents to cover this." 

I’ve consulted several different people and they have told me in my situation as an investor expanding their portfolio it makes more sense to keep the extra cash as opposed to paying down rentals.

I found a win - win situation for the corporate owner, the rail road land owner, and the community who were plagued by the vagrants steeling and causing mischief.