So it will be worth exactly what you paid for it.

Problem is the mortgage hasn't been paid in about 15 months.

Our LTV is less than 50% ( yes no risk at all for the bank, and we have top credit score.We already paid the appraisal, environment fee, wasted countless hours etc...The texts in LOI: Financial covenants:-- Min DCR based on actual rents for the first trust deed of 1.25:1.00 based on a 25 year amortization by the end of 2018.And in the loan doc---Property is to maintain a 1.25:1.00 Debt Service Coverage Ratio, tested annually.We would not have paid the fee and sign the LOI, had he included the phrase tested annually.Please understand that the loan  will be for 10 years long, and we are very confident that we will always have fund for the monthly mortgage payment.

Problem is the mortgage hasn't been paid in about 15 months.

Those funds for your down payment won't get paid off soon if investing in a rental or another house so its long term debt which would need a longterm strategy to manage.

PITI: $1,200.5% Down Payment of $163,000 Purchase Price.Property Appraised for $190,000 right out the gate.Originally paid Gas/Water for both units and electric for 1 side, but am in process of switching electric over to new tenant, which should save $140-160/mo.

Since we lived in the house for over 2 years, no taxes were paid on the gains. 

@Ayala Shoshan  If you use a knowledgeable agent and wind up buying through them, they'll typically get a commission that's paid by the Seller and you get the benefit of learning from their experience.

Box; rent can only be paid by deposit.For your convenience, the nearest location to your home is 123 Main Street, City, or you can execute a bank-to-bank transfer using the routing number provided.If you have any questions, concerns or maintenance issues, you may call or text my cell phone at <Google voicemail>, or you may email me at the address listed at the top of this notice.Please don’t hesitate to contact me with any questions about this transition or any other pertinent issue.

After you paid them, they often refuse to release this information to you.