I like the idea, seems a bit excess but I think I will do something similar.

The trustee has a fiduciary duty to list the property on the open market, and sell it for as much as possible to distribute excess proceeds to other creditors within the bankruptcy.

He was able to earn this income by taking advantage of the limited student housing zoning, rural community (students could not just rent elsewhere), limited student zoning, proximity to the university (the properties were across the street, and the university's excessive room & board fees that encouraged off-campus living.

I am at the point where I rarely read something I do not already know or have learned several months earlier.Books take months on end between getting to press, printing, and distribution, so much so that by the time I may get one in my hand, it is already outdated information.Don't get me wrong, the education is key, I have an entire library, literally, in excess of 500 books, many on REI in some form or fashion.

In the meantime save the excess rent (minus holding for major expenses).

It's a tenant class issue, resulting in excessive economic losses, coupled with increased R&M and CapEx. 

Then they’re buying 40mm in excess.

If only the 2nd unit could support a rent payment in excess of $2500/month, this might be a good deal.

Other times they are just storing excess items there as free storage because they can't fit them at the other place they moved to.If that's the case you don't want to not evict and be accused of self-help eviction and the tenant says their 500 junk is a 5,000 heirloom necklace grandma left them and now they can't find it.No legal advice.

This "homeowners relief act" you mentioned, seems like it is more for taxes on the excess then "debt" forgivness?