I see a lot of assumptions / misconceptions about my personal situation in the responses so I’ll try to clarify a few — obviously language isn’t perfect, certainly my choice of wording isn’t, and I also didn’t want to write a full dissertation about my personal background [nor make you read it] before starting.

Obviously we'll all have less than perfect bookings from time to time, but you need to tighten up so that bad guests are rare.....

@Sam McCormackWhat you are looking for is what's commonly called buying 'subject to'It is perfectly legal you can find on the HUD statement the line number 203 if I'm a mistaken it states 'loans taken subject to'We have a program, where we can enable sellers to get out of over leveraged properties.

Good idea, just get the tanks, keep it simple 

Renovations include new kitchen/ss appliances/custom cabinetry/granite countertops, 2 new bathrooms, freshly painted throughout, new carpeting, refinished hardwood floors, convenient laundry hook-up on the first floor, new plumbing, updated boiler and hot water tank, new electrical, new siding.

@Jeffrey Rollon let me know whens the next one beer and real eatate the perfect combo

This might be the perfect avenue for you if you don't have/want to approach friends and family.These loans are based on personal income, credit score, DTI, etc for the amount you qualify for, since there are unsecured (meaning no collateral).

and dropped our expectation to find the near perfect one for substantially less.

It can work out good too though, I took a 50k loan out last August, the market tanked and I just paid off the remaining balance a couple months ago.

Everyone posts pictures of their new car, of their new home, their perfect family or adventurous vacation.