They can be feasible in cases where there are no junior liens in place and you can make contact with the borrower.Foreclosure is the exit of last resort for me, due to the expense and long timeframe in many states. 

Would it be feasible to begin the legwork to prepare plans for an intensive remodel and flip the property as a single family no office at the end of the physician's lease?

since this post, i had discovered that i was unable to take the courses online, so i ruled it out as an option because it just wasn't feasible for me.

Possible issues: protecting customer against what they think is a high job value = I would have them get three other bids and then do the average of both if feasible.  

Not sure if you are referring to a short sale, but this seems like the only feasible instance in which this synopsis resembles something that makes sense.

I'm finding myself in the same boat where using 3.5% down doesn't make the 50% test feasible and looks like I might have to increase the down payment.

Also, determine the market rate for rents on your own to determine what is reasonable and if it is feasible to pass some of the utility costs to the tenants over time. 

Basically the time-scale this will play out in is much longer than 60 days, and the costs will be much much higher than I can feasibly bite off all at once.I feel like this should have been caught in escrow.

EM in the form of a check MUST be deposited within a certain amount of business days.. it can't be held un cashed.. so that is a non issue and your paranoia on that issue is un founded.As to Escrow  in So Cal its customary to have separate escrow and title companies.. in Nor cal for instance and Oregon and Washington Title and escrow is all under one roof.So its common for brokerages to own these.. they must make a disclosure that they own them. and many times in these type of instances the Seller will dictate who they want to work with.. you could of course have an attorney represent you in this transaction and interact  with the escrow company if your that worried.Liz Pendance on the condo makes bank loan not feasible until that's cleared .. so unless your paying cash its a non starter anyway... this is one thing that condo associations and those that own condo's really miss the ball on .. they think they will just sue.. but in essence they cook their own goose as their property becomes illiquid ...

I was just curious about specifically the Dallas market and if it would be financially feasible to live in a decent area of the city and pursue the strategy of owner-occupied financing for a small multi-family.