They can simply release you to assign the contract.You can also use options and assign the option, no harm no foul there. 

If you are willing to part with the functionality of the form letter (e.g. inserting names and addresses) I have seen people simply handwrite a letter, keep it very general, and just make copies of that.

I simply keep listening to the BP podcasts.

Also, the lender is simply Not approving the sale, with you receiving the commission. 

I'm going to take out my chainsaw or dig a hole with my backhoe or something else manly.

It's simply about finding the right deal...As for REO's, you will be pressed to find any in the 80K market unless it is in the lower income neighborhoods.

If any of them end up not working out, you can simply give them notice vs. having to jump through hoops to find a legitimate breach of the lease to get them out.As for the underrented units, once you're comfortable offering a long-term lease to the tenants, try also slightly raising the rental rate.  

the big issues there........ the government is corrupt as hell. especially in the muskegon heights area. my brother has had no end of trouble with these people. also, other areas of muskegon, such as the city, they hire out their inspections process to a place called safebuilt. these people are worse than the government over there. my brother sells a lot of his houses on land contract. these people simply refuse to accept this as a sale and call his houses rentals. they claim this gives them the right to issue him tickets for repairs needed because he is the " current owner of record". they use a portion of the government system that is outdated and has inaccurate records to claim he is the owner. consequently, he winds up in court all the time with new " violations" on these " rental houses" that he has full proof that he sold years ago. as of yet, he has be able to beat them in court just by proving that he no longer owns them, but he is going to court almost every week with them. i believe they hope he will just give up and pay the fines. that is not gonna happen with him......lol. but, just so you are informed, muskegon may appear to be a good place to invest, but you will have serious hurdles to jump over on a regular basis. 

It is difficult because some people who have invested have lost their money simply because they did not pay attention to the timeline of their investment. 

I'm guessing those folks either don't know they're not permitted, or simply don't care.