I believe typically you get financing for the building which will allow partial releases as you sell the units, at a preset percentage pay off per unit ie. 115-125% if that unit percentage of the whole.

We're still fighting to get the entire holdback released to my buyer.Bottom line for you - and this is not legal advice as I am not an attorney:1.

@Jay Hinrichs,>>I am talking about buying a one off note off of FCI exchange.. not investing in a Pool.. but not sure about back end help just read the patch of land threads with all their defaults they have more defaults in one month than I have had in 6 years LOL.Patch of Land is bad (or to be more accurate, the investors in it say it's bad, since the platform itself will not release the statistics.

I know with a regular subject to, once you take over the property, you get the original borrower to sign a release of info to send to the lender in order to get you access to the loan info so you can manage the loan with the lender.If I find a property that is in probate that the PR is willing to sell subject to, how would I go about getting the lender to release the loan info to me (if the PR doesn't have the login info to the lender's website)? 

If you want to sell a property at any point, you may not be able to deduct losses or release certain parts of it because that election was made at any point in time.

@David Whartnaby In this circumstance, I have them BOTH sign a roommate release.

If he signed the lease then all parties would need to sign a lease amendment releasing him from the lease.  

@David Sussman, Have the seller sign a authorization for release of information so you can speak directly with loan company to verify exact balances, monthly payments or whats needed to bring the loan current if its behind or in default. 

We do not have that concern here in CA.You'll need to get "someone" to provide you the decedent's SSN and sign an authorization to release information to provide the lender or loan servicer.As to the opportunity that you've described, it better cash flow pretty well.

Releasing them from the lease early, without penalty as a reasonable accommodation, could be a viable option and would allow them to find a housing situation more suitable to their needs.I would contact your local fair housing office for information and guidance.