I am not a sheep who believes in what I wrote above (no depression occurring) because I need to believe that because I am fearful, or in fear of losing money, or I won't be able to sleep at night.

Hi @Will Moor, Once they were looking at being 3 months behind, I told them, I can't keep this house and lose money, and I'm going to have to sell. 

People are dying, losing jobs and aren’t able to pay rent.

They figure they would rather pay a few months of interest with the funds sitting in their bank than lose their ability to have cash on hand right now.  

I know we will lose deposit.

Look at page 2 at the 50% rule.Shows you will lose $350 per month.

If you have no equity, the lender is 100% at risk since their cash is in the property in the form of a loan.Risk protection is there to protect the person "at risk" from losing their cash. 

Just pay on time and you will be ok.HOWEVER.....let's say your lender did lose their mind and they called the note due anyway - they must provide you with AT MINIMUM 30 days to change the loan back to your personal name.

[Biggerpockets] is notorious for the no and no money down niche, but you really need to have a good financial runway prior to investing otherwise you will lose your bottom when it goes sideways.Read all the usual books.

Also, what if market goes up during remodel timeframe and price is already agreed to = you lose out on more money.Could workout great or could be huge nightmare.