@Kalpesh Gada  I would imagine, like stairs, pools are expensive for landlords to insure.  

I would imagine if the price of the trailers that are park owned in included in the sale price, than so should their deposits as the deposits are not their as income but security in case these tenants decide to leave their contracts.

With a little TLC, I'd imagine it could appraise for quite a bit more and then be refinanced.

I can't imagine that there is no child support for candidate #1.

If you think other markets are easy, imagine what everyone else is doing.

I can only imagine what it looks like) will cost so much that you will need like 5-10 years of the delta between the market rent and their current rent just to cover the rehab costs.

So obviously, yeah, talk to a lawyer, but I imagine someone else has run in to this.

However, I imagine that there are people in every state who have profitable rental units. 

Its hard for me to imagine the property would sell for more than 70% of market value at a foreclosure auction and any other buyer is just a plan at this point.My advice, as a rank newbie you should probably ignore, is: Stipulate in the note, to the extent possible legally, that the proceeds of the loan are solely for payment of the first lien (arrearage and pre-payment of next 3-6 months months payment) and ensure the closing agent gives the money directly to the lien holder.Change the terms of the loan to be strictly interest and points for only a 3 month term and let the borrower worry about the equity

I'm kinda imagining Seattle is a little bit like the Jetson's cartoon now, where everything is vertical.