He/She still retains ownership of the property till there is a sale date held by one of the lien holders.5) Fraud.

@Chris Martin Thanks for linking to that NC statute; it's something I wasn't aware of.Based on my reading of it...If I don't promise they can stay in the house or buy it on a lease option/subject-to or in some manner that they retain a beneficial interest, it's not considered a 'foreclosure rescue transaction' and this doesn't apply at all.  

At that time, I would consider selling, and get a check for about $300,000, or cash out refinance when rates drop eventually, and pull out about $200,000 of cash that I can than leverage for an asset of about $1,000,000 - $1,500,000, while retaining this cash-flowing property.

RESIDENT UNDERSTANDS THAT IF POSSESSION IS NOT TAKEN ON THE DATE SPECIFIED IN THE LEASE AGREEMENT THAT THE Holding Fee  WILL BE RETAINED BY MANAGEMENT AND WILL THEREFORE BECOME NON-REFUNDABLE, IN ADDITION, THE LEASE WILL BECOME NULL AND VOID AT MANAGEMENTS OPTION. 

The current owner/landlord can retain an attorney or eviction service to give notice and/or offer cash for keys.  

Take two case:buying all cash, depleting your liquid assetsbuying with the highest LTV and thus paying a mortgage yet retaining liquid cashDepending upon the purchase price,  the CoC on (1) will be your NOI/pp while on (2) it's the NOI/downpayment

You'll see prices adjusted as well if a property must be repaired, usually uninsured damages just go "as is" insured damages can be repaired or proceeds retained and offset the balance owing and marketed "as is".

Capex may refer to the item itself like hot water heaters, roof's, appliances, etc - i.e. big ticket items that don't require monthly recurring replacement but also Capex can refer to the account or monies retained from proceeds for future (replacements).   

I like the idea of hiring a handy man on retainer in case of emergencies while out of town.

His prices were a little better because he retains his own electrician and does not have to gross it up to make a profit from getting a sub.