ThanksDepending on the number of loans you originate, it may be a lot cheaper to have a servicer manage the loans for you since many can do it for $20-$25/mo per loan.  

@Tejani Jeet BhaveshThe debt does not go away it is just unsecuredIf you are a borrower and get foreclosed on if the debt is not paid off it does not go away - it is just unsecuredOnly way for it to go away would be pay it off or bankruptcyYou are seeing a lot of articles on zombie loans where people lost homes or kept homes but were underwater and old mortgage lenders are coming back after them as the debt is still valid and they thought it went away

How difficult would it be to get an easement if we targeted landlocked properties and how would that affect loan options?

If there is a loan on it, buy subject to and finance the difference

I don't know your full situation, but you'll likely pay cap gains tax and have to recapture depreciation.

I have a verbal agreement to purchase the .59-acre parcel, but I would like to know if obtaining a commercial loan is feasible.

Is it true that we can't get FHA and conventional loans on distressed properties?

Just a simple online way to keep track of the loan, that tracks & receives payments, and increases the loan amount each month based on the agreed interest rate etc.I'm going to keep searching online but I'm sure there's a wealth of knowledge here and I'm willing to bet some of you have used multiple platforms.Please let me know if you have advice.Thanks!!!

In an emergency situation you could always access the HELOC at 8%-13%.This emergency situation should be considered before the funds are accessed with either method, can you afford to have no savings AND be paying 8%-13%.

As we went back and forth, we saw that the terms the bank or loan gave us were not set in stone.