Found this interesting:by Don Konipol, MBAFor investors considering investing in non-performing notes (NPNs), a.k.a. non-performing loans (NPLs), that are residential and owner-occupied, here is how a typical situation plays out.A bank, bank holding company or asset management and disposition company puts together a package of, say, 1,000 NPNs and asks for bids.

Your current situation prevents that.I'm with @Chris Svendsen.

I've read up on it and understand the basics but I wanted to run my situation by the forum and see if I could glean some wisdom as to whether I'm ready to head down the refi path with one of those triplexes.  

What are tenants rights in that type of situation in Utah?

One situation probably warrants an emergency call and one probably does not.What if your vacation was in July when it was 100 degrees outside and your tenant calls and says the AC is out on a Sunday and he's demanding you call an emergency repair tech because he's hot and uncomfortable. 

I would try and look at the situation as an opportunity rather than a problem.

The pest report from 3 years ago should have the estimated costs to remedy the situation which sometimes are things you are going to rehab anyway.

Your situation depends on your involvement, your entity selection, and lots of other factors that preclude an informed opinion.3) You didn't ask, but I offer that you should not take or act on any legal, regulatory, or financial advice on a free forum and always seek a professional opinion or two.  

That's definitely not a great situation, and I'm sorry to hear that it happened to you my friend @Tyler Jahnke.

Account Closed and the fact that he lives in CA and was asking about Texas or not for his specific situation.