maybe they would do a subject to and have you take over their mortgage payments - do they have a good interest rate? 

In this instance what I would do is get the deed in lieu from the borrower so you ahve the property again and get a note from them but have an attorney draft it to see if you can include a confession of judgment - meaning if they do not pay then you can get a quick judgment and possibly garnish wages.I would also have them put a small down payment as part of the note and only accept a check that way if you ever did garnish you have a copy of a check so you know where they bank.unfortunately you are right they can stop paying on the note and its unsecured so its a risk but out of all the options this is your best option.

Don't let your loan box you in2.

Hi @Akshay Kumar, it's never a nice surprise to see your property left in a rough condition after a tenant moves out and on top of it damages the yard.

•Mix of Strategies – While it’s known for cash flow, Detroit also has neighborhoods where long-term appreciation is playing out.It’s not a perfect market (no market is), but it definitely deserves a look if you’re open to expanding your list.

You only do that if you are rich enough to afford it. 

I have strong financials and will be doing a >50% down payment for a Condo.

@Ricky Sanchez One of the requirements of doing a 1031 exchange is that the tax-payer for the relinquished property has to be the same for your replacement property.

There l also learned to do commercial job take offs and estimating. 

I had a great CPA on the east coast where I used to live but I am hesitant to do taxes remotely.