Correct other than you lose whatever capital you have in the deal.. and you may get sued by the person whose credit your going to trash by not paying..

Some will come along and say start a formal eviction and legally do things by the book and lose money for the next 90 days waItIng ..stIll others will come along and say pay the guy cash for keys strategy to persuade hIm because Brandon says it’s a good idea in his book .

Keep in mind, you don't "lose" these losses, they're just suspended and carried over to future years.3.

@David Zheng, even with your scenario, what if YOU are the one to lose your job?

So, if I were to sell it by 2020 (within 3 years of turning it into rental), I pocket the entire capital gains on the property (roughly $65k) but I will instantly lose my $750/monthly cash flow from rent as well as all other tax deductions and depreciation I could benefit from each year. 

The only thing you could potentially lose is the one property vs ALL of the properties you have if you were to put all of them under one LLC.

If you run into trouble in the future you could lose all 4 properties.Instead, I'd see if each seller would let you take over the mortgage, pay the owner their equity and they move on with life.

They certainly caused me to lose money, my buyer, and time, but are the liable for this loss legally? 

Technically, you're going to have no problem as long as your lender can operate in Oregon, although having someone familiar with the area, norms, and players won't hurt.

I really don't want to lose the property but I see what your saying.