The prior owner, the husband, has told me the bank does not plan to pursue a deficiency against him when they do eventually foreclose.

Marketing is key and also leaving some meat on the bone for another investor helps sell it (unless it's fully turn key, which can be attractive for a 1031 exchange specifically). 

Usually plan on permits unless it's a paint and carpet rehab. 

One of my properties, specifically 10 acre, zoned single family, is located in the mountains.

Below are the figures:Purchase Price: $225,369.78ARV: $199,000.00Mortgage Balance: $209,099.44Great thing about wraps, however, is you can add equity, interest, and your own terms, which is what the borrower did here.Via adding $101,000.00 in equity, the borrower plans to sell the property for $300,000.00 for a 30 year amortization and have the borrower place a down payment of $15,000.00.

I guess I will try and talk with him when I move in but I’m confident you can’t even rent a studio apartment in this zip code (06790) for $7504) When I sit down with him upon closing I plan on asking him personally if there’s anything that should be brought to my attention that needs to be done that I may not have seen on the home inspection which I will absolutely repair.  

I planned to purchase a home first, settle in, and look for a job closer if commuting is too much work. 

The house has been on the market but traffic is slow - not sure if this is due to the current environment or something specific I should address within my listing (we've already adjusted the price). 

Show empathy that your guest didn’t have the experience they hoped for, and explain what happened or what you plan to do in the future.best of luck!

Your state has a market of last resort called the Indianna FAIR plan that may  write it.