If the person stops making payments, they alas,  have to foreclose.

A new person moves in and she says the upstairs neighbors are creating a ton of noise.

But, you need to talk directly to the person whose name is on title. 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

i would never tell a random person on the internet where they should live. 

The question is, what is the intention  of the owner, not what would a reasonable person think is the intention of the owner.

When structuring a deal, what might work for one person, may not work for the other.

Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.

Are you referring to personal losses or other people had losses?

This could give you the cash you need for the purchase and also eliminate your personal guarantee for the loans.