In this scenario, the owner(s) would get:1.)

hello everyone,  is there any banks or lenders of any sort that would give out loans on a paid off property if the owner has low income ?  

Best bet is to connect with an Independent broker and talk to a few other owners of comparable properties.

Fannie and Freddie DO NOT allow the transfer ~ you have to apply and be approved to do this.You apply to your servicer and either GSE to get approval of your SINGLE OWNER LLC and you have to disclose every little detail which takes away the reason people want to vest in LLC (to avoid personal liability).

You have notified them that you are the new owner and that you plan to rehab the building.

Pricing is higher.SFR non owner 75% cash out 2-4 units 70% non owner cash out.Can you complete the rehab in less than 12 months?

I say pull the trigger and include a Home Owners Warranty to cover all the mechanicals and appliances.  

Good day beautiful investors,  I have a situation where the owner of a condo has rented to a tenant & the owner moved to FL.

Of course there are some neighborhoods within Greenville that are better than others but you have to do your homework. the pro is that you can find deals that still make financial sense, especially since COVID started it hit some landlords hard, so there are some motivated owners out there 

A tenant I inherited when I bought my place (who pays 50% below market rent, and no security deposit or last month's rent via previous owner) just informed me with 11 day's notice, that he was moving out on Dec. 1st.