In most states, you are required to make a "good faith effort" to find a replacement tenant as quick as possible.Don't forget the tenant that left is also responsible for utilities and upkeep until a new tenant is placed or the 30 days are up.

You could stuck with a whole bunch of debt that you don't want and would then be responsible for.

@David Flanders It's a problem with conventional Fannie Mae lenders, Truthfully I don't know their reluctance other than they want the buyer to be personally responsible.

@Seth Nadreau, thank you for your response.

@Aaron Klatt thanks for the response.

@Aaron Klatt I appreciate the prompt response and feedback.

Surely his first response is don’t do it but it’s all about the numbers and risk (and thus 2nd house) May be to risky with unknowns on lien and eviction.  

Thanks for your responses!

Other than that, i see that basically every vendor working for insurance comes in through water mitigation or other quick response restoration work.

You also need to take into account how your approach will impact the tenant and what response you are likely to receive.It would be helpful to know what city and state the rental is in, as landlord-tenant law varies per jurisdiction, so what works in our area may not work in your area.So, at the start of tenancy the tenant's parents paid the first month rent and security deposit.