Let them know if they're not a good fit and you need to move on.5.

And, the first trust lien holder is not obligated to move quickly. 

This is because 1) it's the least problematic to follow the rules (retirement accts have separate prohibited transaction and tax rules to follow) 2) it's the easiest to finance if that is something you're attempting 3) it has the most possible tax advantages with depreciation etc. 

Holders of those loans may never sell their house since the cost to buy a different similar house would be astronomical, and unless a move was absolutely needed, they just wont sell.

So in theory the rate should move down to 150-200bps at least for them "to survive".Will the Fed do it ?

Rented my house we originally lived in 12 years ago because we couldn’t sell it when we moved and that’s how we got started. 5 years ago we made a plan and an effort to accumulate multi family properties and did that.

As I posted this, we received an email that we have a second tenant who is moving in on Dec. 1 for 7 months. :)  Another has been approved and they are waiting for them to sign the lease and send it back. 

A single member LLC may not have been the best choice in the first place but that is a separate issue that we may need to address.  

So, they find something in nice shape that will hold its value a while until they are ready to make their next move.

Six months ago, the property owner was silly enough to let a cigarette store move in next door.