This resident likely had more options.My point is residents will make bad decisions and try to blame someone else. 

Good to see the city make some practical decisions.  

Can anyone give me some advice, steps I may be missing to make a confident decision on making my first deal? 

Honestly seems like a little overkill on this decision - unless its strictly a rate-term refinance because rates have dropped, it usually just should come down to a side by side comparison of status quo vs. refinanced (+ how any cash-out capital is deployed)

We have made the decision to list the place for rent and then simply communicate the situation with the tenant. 

The best decisions come when you get diverse input and see things from different angles.Thanks for sharing this post.

Our ability to act quickly and decisively ensured we could close the deal efficiently, making it a win for both the seller and our team.

This is my 1st post and I am so incredibly thankful that a forum like this exists and for any information to help guide me through this tough decision is so immensely appreciated! 

However, over the last 20 years there have been no Tax Court decisions against it... so it clearly isn’t all a sham.

Hard work and good decisions.