It could be a syndicate has ran it's course, a bad partnership, a divorce and a split of assets, investor is bringing investments closer to home, needs money for another project, etc.Sounds like you are competing with home buyers who will pay a premium and are fine with just a little built in equity.

I would not waive inspection; and a bidding war on top of that?

On the downside, with the HELOAN, I leverage only a small portion of that equity and, as I understand it, I would have to pay off the HELOAN before being able to access more (no plan to borrow more though as I don't want to over leverage).

I have a property in Fountain In and a property in Laurens.

The roof and A/C were just replaced, I would have have to put in a couple appliances but nothing major.

I'm currently residing in Mundelein, IL and a lot of meetups I'm finding are either in or closer to Chicago (which are impossible to get to with traffic after work).

I have a realtor and a PM co I liked and trust and can ask for contractor references.

The trailer park is in a good area and a nice school district.

I hate to see an end to a property I manage, and as a PM, I appreciate the owner and will work just as hard when he allows me to sell it for him.

If that happened you would pay the lender but, you would also receive legal notice of that on your front door.As you are not on the lease, and as others have pointed out, you still get all the renters rights but, your rights are extinguished at the end of 90 days, after a foreclosure sale (If that happened).