Obviously you would be first position lean holder on the property.

You would really have no control over the property in reality as they are the title holder and most likely a lien in front of yours.

If it's amicable, find a new lender and communicate with the EMD holder the process of this so earnest is not at stake.

I find it hard to believe that a bank would then mark a payment as fraud rather than charging the account holder for the “bounced check”.

Why I Believe Striving to Build Passive Income is OverratedThis may seem like a disingenuous statement coming from a passive income guy, BUT, I believe that those looking to build sustainable look term wealth would be better off to downplay passive income.Passive income has a role, a large role, but one best utilized when a certain level of wealth has been achieved, and the holder of said wealth is looking to preserve capital and live off the income generated by passive investments.I hear many relatively new real estate investors say that their goal is to acquire enough real property to replace their earned (W-2 or 1099 or Sch C) income with the income be generated by their investments.  

@Brian Kloft I can relate to those calls from new voucher holders that want to get out of the city. we get them all the time as we are also by the beach. 

This leaves the tenants extremely frustrated, especially if it's a refrigerator issue causing their food to spoil, or possibly an issue with an appliance leaking water onto the floor, etc. 

This places a would-be investor into the same food chain as the hapless tenant who depends on both rent and government subsidies for financial survival.

Just as some updates to the area as food for thought.

I don't know of any resources set resources, it reminds me of when I was starting a food truck back in 2012 there wasn't much web presence or resources.