I don't want to go below a Class C neighborhood, as I want to ensure I can attract dependable tenants in an area that is safe. 

Many of them cap at a much lower LTV compared to a primary so it would depend on how much equity you have in the property at the time.

@Lenita Higgs,A little late responding to this, and I'm sure you already found your answer but just in case, the answer to this (Cash or Loan) really depends on your long term strategy. 

Of course if there is no capital to command at all because of some terrible circumstances then there is no hope for any solution and they default to being the victim of whatever circumstance is presented.There are many different ways to handle a foreclosure situation depending on the circumstances.

Okay, then there's a lot you'll want to think about depending on your other income and your financial situation. 

The 7-10 years depends on the ability to sell the property.

This family is currently searching for a home, and our agent, who also represents them, has generously offered to waive any commission for connecting us.After outlining our standard tenant qualifications—which encompass application requirements, income verification, rental history, credit score, background checks, a non-smoker policy, occupancy guidelines, pet policy, application fees, and move-in costs—our agent indicated that the extensive discussions and adherence to these requirements "equals a full commission of one month's rent."

No idea on the notice period required, depends on your lease and your particular state laws. 

I talked to a BP agent from Yuma a while back and he says there are 30,000 a week coming through just there - that they make contact with, doesn't count the 'gotta-ways'.So my guess is that it depends on who ends up in power...if the current guys continue, I would see huge tax increases to build housing for the illegals.

Everything depends on your current and future goals.I live in the bay area of California.