So at this point I have been inside and looked around.Rents in the area range from $750-$800 per month, and the financing I am working on is at 4% annually (still negotiating duration, which could be a deal breaker) with a private lender who would pay the entire cost (purchase price+renovations).

You would want a lawyer to review title to make sure there are no issues there, you would want a good inspector to make sure there are no structural or mechanical/electrical issues, the typical stuff for a residential purchase, but maybe go the extra mile since you are unfamiliar with the area and not there for an extended period of time to keep an eye on it yourself.

My issue has been mainly turnover, extended vacancy, missed payments, evictions, and tons of maintenance. 

Tonight I received a call from the husband, as I had been communicating mostly wife during the duration of the lease term.  

If you want to do that, sign an amendment to the contract to extend the closing date.

What ratio / threshold do investors use to ensure that hey are not over-extended?

I have a friend who buys land at tax sales and resells it, sometimes it goes quickly, sometimes its on her books for an extended period of time.

Could you create a sublease for him for the shorter duration?

Filed for chapter 7 bankruptcy in 2011Current servicer will not extend the loanHave nobody to cosign for meCompletely empty currently, (no tenants, lease was broken last month)Was doing vacation rentals (Airbnb) in 2nd floor apartment, (banks do not care for this)The Solutions: Sell the buildingRefinance, extend terms preferably 10 year Start a business in commercial space (Day Care, Event Space, Tavern).

I could require that my VA's do it, but I feel like that would be a total waste of manpower.I have tried Up Work, but the problem tends to be that most overseas VA's don't have the ability to make phone calls to the U.S. and since my company is 100% US based, I wanted to extend that as it concerns any phone calls that are made on our behalf.