Hard money loan would be the third option, but the interest may not be worth it, am I correct?

In addition, the agent and homeowner have no third party to appeal to to postpone a foreclosure when a short sale has been approved.

The third year it went up to $1975/month so another 4.31% increase.

Hello BP folks.First year owning this rental property  and we decided to be perform the inspection exercise ourselves.  

I am still performing due diligence on the ARV but it looks to be in the 250-260K range after about 50K of rehab. 

and third question is whats the most important to ask the seller about inheriting a tenant?

The purpose of your first deal is to set yourself up for your second, third, fourth, fifth deal.If your expectation is to hit a home run on your very first at-bat, you might be setting yourself up for disappointment.

I own a property that has an rent to own tenant upstairs who has no money and does not perform required maintenance, which has adversely affected my property.

I did however work out with the bank that after a year of performance, they will re-evaluate and potentially give me more cashout in the future.

Just co-mingle money 1 time, or self manage the properties or do any of the work on the properties yourself rather than hiring a property manager or contractors to perform the work and that can be used to pierce the veil.