This will allow you to refi and plays nicely into the BRRRR method. 

That's where their decision making comes into play.... are they reformed or not.

The upside is, the seller may be willing to play ball if faced with the prospect of having to find a new buyer with this woman already not paying. 

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Having played NCAA Lacrosse for 4 years with the team, I saw there was no landlords that the team/ athletics would go to for their college living.

Fix up the houses, make the properties pretty again for families to proud of and watch their children play in the neighborhood.

@Elliott Hughes it's typically where the "law of the land" comes into play.

But they don't have to.Here's how it would play out in the scenario we were talking about.You sold for 1.2 with a 300K mortgage. 

No legitimate hard money lender loans money at those terms (4% interest, 1% down). 

Thank you for playing out one scenario.