Even personally holding the discussions with the tenants potentially damages YOUR outcome.Landlord Representation in SF

So a pre-foreclosure typically means the bank has filed a foreclosure action but has not yet foreclosed.

Banks are required to offer you all options that are possible and in your case, it's a short sale.

This, of course, would require the bank appraises 20% equity on top of what you paid. 

If a buyer has good credit he can get a personal loan to buy a property, and hence “nothing down”.  

Find one in person.

I don't bank on appreciation.

A large bank/lender, brokerage (Cushman/Wakefield, CBRE).

Tennessee doesn’t have personal income tax but if we create an LLC we would have to pay state income tax.

Be thankful they are taking this step on their own to ensure they don't get behind and stick you with unpaid rent.I'm sure how much they may be approved for varies on a case-by-case basis, but I have tenants who have paid the full rent for multiple months through COVID rental assistance.Your role is limited, and in my personal experience requires just a bit of information on the balance due and a signature.