You can also opt to purchase a more expensive property and just pay 25% of the difference between your remaining entitlement and the price (as long as your remaining entitlement is greater than $155,000).

There is the county Tax Claim Bureau (TCB) that follows the rules established by the Real Estate Tax Sale Act 542 of 1947; and then there are sheriff sales held to attempt to collect taxes based on the rules established by link below:http://www.legis.state.pa.us/WU01/LI/LI/US/PDF/192...Now, the TCB holds "Upset Sales" (all liens of record remain in place) and "Judicial Sales" (court order removes liens when proper procedures are followed).  

And, if the lease does not have terms for renewal, then the lease converts to a month-to-month lease, with all other terms remaining in full force and effect.

Would you rather be someone that lends to others at a high interest rate and remains hands off?

I agree with @Douglas Vogel that underwriting should remain conservative and disciplined - beating your own projections should be the gravy.  

As a workaround, I had to manually initiate a second payment request for the remaining amount.

Just removing them will create "craters" in the middle of tile and look unsightly as they had been anchored to the floor.In the lease it states fixtures are supposed to remain in the unit after the lease

Depending the remaining debt, a non-foreclosure sale is often impossible without a short sale.  

Different classes of hotels, franchise flags, number of rooms, location by city and also location with in a city,  length of time remaining on a franchise agreement, amounts of any upcoming PIP,  property condition, and a number of other factors will always in to an appropriate cap rate For a property.  

In real life things happen but your over all goal should remain the same.