In-fact, I think it is a good move in any territory, regardless of where you are in the country (LA, PHX, NY, CLE, etc.) it is a good way to build wealth long-term, hopefully reduce the cost of your living and begin building wealth for a very low cost relative to your purchase price.

Eviction court from tired landlords is another avenue.

You will need millions of dollars in coverage and even if you have that you will be praying that the lawsuit will settle out of court.

Can the court order the 2nd lien to be reduced or even relinquished due to the owner being in bankruptcy?

The big difference is you need a legit reason to evict and that reason has to hold up in court.

If a landlord is in foreclosure and solicitors have been sending letters but the tenant haven't got an official court order stating that the house has been foreclosed on, should tenant still pay rent?  

Although the properties I am about to mention were primary residences, and not really investments, I writing this in the hope that my story so far can demonstrate the following: 1.The power of appreciation in developing countries like India2.The power of goal setting, positive thinking, and taking action3.The importance of networkingIt may come across as bragging but it’s not about how humble I can be.

There are many nuances involved in the administration of a 1031 Exchange in a foreign country because no other country has the 1031 Exchange or understands how it works. 

But I'm guessing my lawyer would say that if changing the locks were the only violation, that I could be on thin ice if the tenant supplied keys and fought the lease termination in court...

Buy it at the court house steps, get it free and clear of the other liens he is not paying.