I can add to Jds commentsthere could have been IRS judgments or other liens behind the bank loan and the bank was forced to foreclose them out.lender by law is not allowed to set their opening bid ABOVE what they are owed.. that being principal back interest (default interest if any) late fees  legal fees publication etc etc>now many times they will do whats called a drop bid.. and open the bid far under what they are owed. this happened routinely in vegas and Phx  last decade... as homes were so far under water the banks just wanted them sold.Now if a bid at foreclosure sale goes above the amount owed.. then the overages go to the next creditor on title or if no creditors it goes to the Owner of the property that just lost it..

If this goes south it will be a lesson learnt in REI investing and I would pretty much conclude that REI is not the right avenue for investing, cut my losses and disable my BP membership.

Forget the old "don't go over the miles" routine because the dealer will wash those miles when you go to get another lease vehicle and if they don't want to then tell them you're looking at their competition and they will cave.

Hey Chris I really appreciate that, I was thinking the same way you were along the lines of their needs.instead of the "We Buy Houses", We Buy Houses" routine. 

The Net Sale Price is computed by taking your Gross Sale Price and subtracting your routine selling expenses such as real estate broker's commission, documentary transfer taxes, recording fees, closing attorney or escrow fees, title insurance costs (owner's policy only), exchange fees, etc.  

But the leasing, rent collections, routine maintenance stuff is what I equivocate with landlording.

That is a recipe for disaster.This is unchartered territory for the most part, so you have to ask yourself whether you are willing to push the limits and potentially go to court to help set some rules, or work within the framework to find the most qualified tenant.Here is a good form to require for the next step:FORM TO REQUEST AN ASSISTANCE ANIMALWe are committed to granting reasonable accommodations when necessary to afford persons with disabilities the equal opportunity to use and enjoy our rental properties.Under the Fair Housing Act, a person with a disability is defined as a person who has a physical or mental impairment that substantially limits one or more major life activities.

The talks are motivational and focus on how to do things that break people's routines and creates a memorable interaction that leaves a lasting impression.

Your wife's aunt should get a lawyer for her disability.  

Residents also routinely skip out on rent and have no problem taking hits to their credit or with being sent to collections.