Just a heads up* I tend to lead my community to doing runs-jogs-walks.

He can go ahead and buy that asset for 50 grand a month and rent it for 600 a month.

With such a head wind coming from getting a commercial loan you may want to look at non-qualified mortgage products like debt-service-coverage-ratio loans or possibly a HELOC.

Do this one thing and you are ahead of 80% of people out there. 

Just planning ahead.

It looks like you've reached out to the author, but he seems to have stopped responding.If you click cell A1 in the "Result" tab, then press CTRL-SHIFT-END, then CTRL-C, then create a new tab and click cell A1 of the new tab, PRESS CTRL-V (or right-click and use "Paste Special") Then you can edit formulas.

They can print more money with the click of a button, but they can't print more real estate!

There are fees associated with all of these filings as well as paperwork that you need to provide before the filings can be completed, so contacting their office ahead of time will save you a ton of headaches.On your lockout date, the sheriff will come to the property, post the eviction notice, allow you to change the locks, and facilitate the physical removal of the tenant if that is needed. 

Feel free to click on the magnifying glass at upper right and type in landlord policy.

@Thomas Kelly - I'd say there is only one way to find out ;-)  I would go ahead and lock the property up under contract and blast it out to see what sticks.