Do you attempt to stabilize or bite the bullet on the purchase and then attempt to work out with other homeowners? 

Hi @Jonathan Feliciano I had friends doing this and it can either work out great or be a nightmare.

Did you work out some split of the GP in your deal? 

So I will see exactly how that works out shortly.Do you know any lenders that do this if this lender does not work out?

Depends on your contract, so make sure you save money by downloading a free one - It'll work out well for you, I'm sure.However, most of them are written as you buying with the ability to blind assign without telling the seller which is kinda sh***y, but do you really care?

I suppose if you're selling the townhomes to individual buyers, it's probably going to work out that way regardless.

I corrected that thinking and told her she needed to pay rent to continue living in the house, but we could work out a payment plan. 

The reality is, this could work out great for you, or it could not and you could lose all your money.

@James ConawayI am a fellow property manager and as of right now it is best to work out payment plans with residents who have shown the ability to pay.

On-Market listings can still work out if you get them under contract at or below listing price, the latter preferred.