Meaning that for grandma to get that $2k check in the mail, the mortgage balance is going up by MORE than $2k.For that reason, in almost all cases, the heirs will be financially better off supporting grandma than they would be if grandma takes out a reverse mortgage.

Whatever financial rules you decide to set for yourself, just be sure to stick by them no matter what as you are evaluating potential deals.

If you find yourself in court you will be held to a higher standard and could lose if determined that you used your superior knowledge to take advantage of a non-licensed person.

There are some creative solutions, such as what's commonly referred to as "cash for keys" - you negotiate an early lease termination with the tenant, in exchange for some financial consideration/moving money. 

Sounds like you need a good realtor and not a financial advisor Sean!!

It's a trade off they understand will be more profitable in the long run.In the past, I have picked up a lot of Landlords from eviction court. 

Hi @Natasha Richardson,I recently purchased a Multi-Family with an FHA and would recommend you do the same if you're financially able to.

Is it worth the hassle of enforcing your contract in a court of law. 

I am voraciously listening to as many financial podcasts as possible which is how I discovered BiggerPockets. 

For those participating in Arizona trustee auctions here is an interesting article:https://www.asreb.com/2018/04/laying-law-supreme-court-rules-claims-wrongful-foreclosure-must-filed-prior-trustee-sale/