Those points make sense and definitely understood. 

I started with a strong foundation of studying markets/real estate finance and tracking all my numbers to make sure I understood my investment.

For those reading along: Check your state program as in Oregon if your tenant or you, as a housing provider, applied for federal funding you can not evict as long as the application is pending Once I read those words, I understood why its taking so long to get the money out - they are protecting the tenants... 

As I understood things at that time  a landlord could not hold a security deposit to cover unpaid rent;  it was only for damage to property.

Oh I understood your point.

You understood exactly what I was asking and what my concerns are.

I understood your post. 

My dad inherited a house that he rented....I understood it.

So, a distinction should at least be understood that when a lender accepts payments from a buyer under an installment purchase agreement, that such acceptance is not a loan assumption per se, it is simply allowing a third party to make payments in the name of or for the benefit of the borrower but the loan remains in the original borrower's name, fully liable and without any requirement made by the lender to collect anything from that third party.So, as a new investor, when you walk into a bank and put your business plan on the loan officer's desk, look him in the eye and say, "I have a deal and I would like to assume theseller's loan" you'll at least know how silly you sound to the loan officer, what it is you are actually asking the bank to do!

I never understood why people do this.