This MIP is $1,476.00 over the next year (when it falls off naturally in 8/2019) that is only benefiting my note holder. 

I would like to add, that when we serve a section 8 voucher holder a NTQ because of being late on co-pay, or other unpaid fees (repairs where they caused the damages), we also notify the section 8 housing authority.We inform the tenant of this, and let them know they may loose their voucher if they are evicted for non-payment or destruction of property. 

It seems somehow or other they were affiliated with HSBC but I tried to call them and they weren't helpful.2) Is there any legal process, in the situation where a lien holder cannot be contacted or located, where you can give ample and public notice for lien holder to come forward and claim possession, otherwise lien will be forgiven?

Fortunately for us, green card holders, foreigners married to US citizens and more are not defined by the IRS as non resident aliens. 

Use a general warranty deed so it does not cloud title for future sales. as you state this is usually in the Alienation of title clause.. and gives the holder of the debt the right to call. 

Kurt Kinnie https://www.trec.texas.gov/apps/license-holder-search/?

With those, you don't worry about maintenance or even taxes, everything is paid by the lease holder. 

But in addition to that you don't want to exchange into a "place holder" that you shortly sell. 

the agreement is that once i fund the home owner , that i will be the only and first lien holder.  

Everything should be in writing...faucet swaps, toilet paper holders, hand towel rings, etc.