I have never or will I ever judge anyone because of their life experiences and circumstances. 

I have not had to use this to evict anyone during these crazy times, but in any circumstance, it will be easier to not renew a MTM lease than it would be to try to evict while a long term lease is in effect, especially now.

@Quincy Jones while both of the above are correct in most circumstances, we have helped many of our investor clients secure 'gap funding' in the form of unsecured personal debt.

And as I mentioned above, in most circumstances, unless you're willing to buy ALL their problem debt will not be much help. 

There are unfortunate circumstances where the landlord-tenant relationship is looked at as more of a hierarchy than a person-to-person relationship.As you treat your tenant as a human and explain the reason for the rent increase and the need for a new lease, then they may be more receptive of it.

Putting down 35% and paying maybe 15 to 20 basis points more on rate having a national NNN lender that is known to perform with no question can be more beneficial than going with an unknown lender promising the world where a failed exchange could cost 1 million in penalties.Anyone buying NNN should analyze their own situation and create a plan of action based on their own individual circumstances.

However, it only makes sense in very specific circumstances: when the owner has a flexible schedule (flexibility/ability to go to the property, answer phone calls, and more, all at the drop of the hat), plus has the right personality, experience, AND desire to deal with landlord tasks (scheduling & conducting showings, knowledge to avoid Fair Housing issues, telling a tenant "no" when necessary, going through the eviction process, etc). 

What I choose to do isn't necessarily the right decision for you, given your circumstances. 

There's pros and cons to every location and deal and circumstance, it's a matter of deciding based on your own goals and risk aversion.

Is it normal for a lender to base their loan on the purchase price and not the appraised value in a circumstance like this?