@KimBecker http://www.tampabay.com/news/localgovernment/Real-...I also found this article which seems to agree with your way of thinking. http://www.floridaleagueofcities.com/docs/default-source/Advocacy/Issue-Briefs-Talking-Points/2017-ib---short-term-rentals.pdf?

I have about 14 student loans (never consolidated because many had great interest rates) and all of them were reported as being in default.

This way, if the sale falls through, the in-laws are still bound to you by the lease agreement, which a lawyer should draw up so it sufficiently protects you if they do default if the sale falls through.

Moving 27 tenants to home owners will take years and many will default or simply walk away.

If you default, the bank goes after THEM.

While it's a bit of a sales pitch for his newsletter, I like that he makes use of data from his 5 "vital signs" (Existing home sales, New home building permits, Mortgage loan defaults, Foreclosure sales, Interest rates)  to quantify trends rather than relying on the media and gut feeling to gauge the state of the market.Narrowing down to 5 indicators is maybe an over-simplification, since circumstances will vary in every market, but I like the idea of being able to chart some key indicators and make discussions of where the market might be heading more tangible and less emotional.Is this type of analysis a worthwhile part of a real estate investor's toolkit?

The big question is do you want documents by default or by design? 

Here is the wording from our listing agreement which is clear that this would not be permissible:SELLER’S REPRESENTATIONS, WARRANTIES, AND AGREEMENTS: Except as provided below, Seller represents and warrants to Broker that: (1) Seller has fee simple title to and peaceable possession of the Property and all its improvements and fixtures, unless rented, and has the legal capacity to convey the Property; (2) Seller is not now a party to a listing agreement with another broker for the sale, exchange, or lease of the Property; (3) any pool, spa and required enclosures, fences, gates, and latches comply with all applicable laws and ordinances; (4) no person or entity has any right to purchase, lease, or acquire the Property by virtue of an option, right of first refusal, or other agreement; (5) there are no delinquencies or defaults under any deed of trust, mortgage, or other encumbrance on the Property 

If the lender finds out, they might consider you in default of the terms, and call in the loan, forcing you to immediately sell (probably at a loss) or lose the house.  

Mob creditors had "extralegal methods" of either getting their money paid back or putting the fear into other would-be defaulters (they made sure the press and police could find your body).