If the regulatory authority declare the seller to be your client, then by attempting to purchase at a low price you are violating fiduciary responsibility.

We'd want to run the books, ie: have full authority to manage/operate the asset once it's been 'converted' into its full income earning potential.But, alas, this project you're suggesting is not me/us. 

What exactly does the author mean?

Burglary, criminal damaging to tenant owned property...it's the tenant who is to deal with the authorities. 

The answers above are solid answers, given the authors' propensity to take risk.

The bankruptcy court then has absolute authority to determine whether or not you can foreclose, as well as everything else related to your note.

And... if you want a better chance at success, make sure you're speaking to someone with the authority to negotiate. 

Yes, while it has required a little extra patience working with section 8 tenants and even the housing authority for that matter I would do it again.

The Owner authorizes the Agent to direct the Tenant, from the Tenant’spayment of first month’s rent under the Lease, to pay the Fee directly to the Agent, in Agent’s name.

IF the ITIN and the work VISA associated with the authorization of that ITIN are matching with her current work status (employer information matches all documents) then they're in good standing here.