I should have specified a little more, not that I'm trying to point fingers here by any means, but our agent made it clear that all we needed to get started was a pre-qual letter to get started so being that this is our first property and the fact that real estate is still quite new to us, optimistically, we headed down that path with her.

We usually have about 40 professional ladies.

They said the HR block lady was clueless.Go with the cpa, they can give you all your options and the consequences.

Reading other threads on neighbor troubles on BP, I have my fingers crossed that they just didn't like my tenant and maybe will be different with other tenants.In this situation, the one good thing is no turnover costs to me since they moved the tenant into one of their other properties.

So this morning I came to court to get writ of possession but the lady at the office said the tenant appeals and she has until 7/8 to deposit 1 month of rent to court registry and that 1 month of rent will be applied to current month which is July and therefore she will get to stay until the end of July. 

@Clayton Plummer The beauty of being okay with doing out of state investing is that you have the whole US at your finger tips.

Maybe stating the obvious here, but their current lender would almost certainly not allow the terms you are proposing, and given that she is already behind on payments, it's going to be scrutinized much moreso than if it were a loan that is performing, so any plan that involves crossing your fingers that the lender doesn't find out is a bad one. 

He doesn't drink, got married to a wonderful lady, has become a very successful real estate investor (rehabbed and owns 20 properties) and runs a successful contracting business.

Cross your fingers.

I got lucky and had a plumber call me with some info on a lady getting out of the rental market and was able to buy 4 houses without them hitting the market last month.