Thanks, @Barry Pekin Yeah I'm trying to figure out if the best way is to contact the lender of the motivated seller if they're interested in that type of deal structure and talk with them first to see if they're okay with that before getting it under contract or not.

I would proceed with 'caution'... could the tenant have an alternative motive?

I don't trust them, they are incredibly rude, irresponsible and feel entitled I am really worried about them damaging the property and with everything happening it's nerve wracking.

With that said, why don't wholesalers become brokers and sell 80% of their leads on the MLS and the other 20% of their more motivated leads for cash (the traditional wholesaling way) as a secondary service? 

Life is still good and I’m still more motivated than most people so I can’t complain.

@Santoria Weems, love the motivation and passion!

@Jacob Bowman how is your water/ sewer metered, if it is metered by the water company you may be able to give them a call, even ask for your usage data because now "you are trying to conserve"  It does seem incredibly suspicious, but you also need to know how your water/ sewer is ordinarily billed to make a determination, is it actually based on your usage or does the landlord take the bill for the entire building and divide by the number of units. 

This has left me with more motivation and excitement than ever.

I decided I'd try and use this situation as motivation to actually get out and buy.

Motivated Seller has a property in pre-foreclosureWe set up a Subject 2 agreement with the sellerWe pay the arrears to make loan current and pay mortgage going forwardHave a Lease Option Tenant with an annual lease that auto-renews (Option expires after 3 years)This rent covers the mortgage plus provides cashflowAfter 3 year term, Tenant purchases the property at a predetermined price minus downpayment (maybe a portion of rent goes to the principal?)