This is where the tenants is below the federal poverty guidelines for wage garnishment or has a cash under the table job etc.

I read about these deals but don't understand the legal paperwork needed.

The lender still has the legal right to sue the seller should the new owner and assumer of the loan default.

The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.

If not, you are looking at a MINIMUM of 25% down (conventional guidelines for 2 unit investment properties).

My lease says I only have to give 10 days notice and I've verified with an attorney this is legal.

Now I am reading that Wholesaling properties is not legal in TN?

I know IRS will get a chunk of this but am wondering if there is any legal way to invest this money in our home without them getting so much?

I know evicting specific peoples isn't allowed and addresses have to legally be split up (compared with just writing 1/2 etc on the mailboxes). so I am curious is it a possibility and if so/not what are the general steps/guidelines to do so.

You might look in the legal adds for foreclosure notices, check obituaries, check court records on lawsuits/collections, and cross those against the county property ownership computer records.