They don't care about the house.....how do I contact them saying I want to buy it?

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We read every response and discussed.

Great job in taking care of your client!

Problem is I don't want this attracting tenants who cannot pay, or making them think "who cares, I don't have a deposit to lose".What do you think about using this in lieu of a standard deposit?

If you self-manage, maybe you can find someone that would be willing to take care of all the maintenance for you.

5- Is there anything else I need to be careful about or take into account when buying a subordinate lien?

I dont have a choice all my banks require at least annual update financial package to include :Tax returns.copy of all K 1sPFS  ( Personal Financial Statement)When I had an airplane loan that lender required the same.. and I think some DSCR loans require these ( I dont have any DSCR loans just what I have read )

I have intentionally built a healthy owner-tenant relationship over time, and I find that based on the mutual trust component, she cares for the property better than any other tenant I have had. 

Super helpful to understand a topic I am just getting read up on.