Most property owners who get possession of their properties before a UD proceeding concludes do not go back to court for a judgment.

If you need a Commercial Realtor let me know and I will forward a couple of names to you.When you have found a property, I also suggest you submit your deal for a pre-approval right away so that you can confirm the property will debt service a mortgage.  

I will manage these buildings, I currently manage another 4 unit building in the same area and know with updates the total rents could increase $3-4$k/yr.Current Rents:  $3900/mo $46,800/yearVacancy: 10% $4,680/yr (actual vacancy rate for area is below 5%)Taxes: $3838/yrInsurance: $2840/yr for cash value not replacement cost (getting more quotes)Maintenance: $4500/yrUtilities: $6,500 (owner currently pays common electric, sewer/trash, and buildings are on well so softener salt and electricity for water pumps.)Budgeting $5k/yr for capexLeaves: $19,442 for debt and cash flow

Make sure you can cash flow after accounting for all of the expenses and debt service.  

I have had three in the last 10 years and the abuser was held responsible for the lease, but all three bailed as soon as their partner moved out.I would even be comfortable asking to see the judge for clarification once the order is in my possession.

Since I'm buying SFHs it's easy to determine my cash flow (after debt services, maintenance, repairs, capex, vacancy and property management).

They will look at your income, debt to income ratio, credit score, savings, etc. and let you know what you qualify for.

Does this include debt service?

Hello Laura, how about partnering up or joint venture with someone that has good credit and low to no debt .That may be an option to consider

I do not think it is a good idea to live debt free and pay off your house as so-called financial experts propose.