Another option is for you to make the payment to the note holder, you could simply be a tenant and do that.A bigger issue is changing the insured on the insurance policy, this can be arranged with the agent to show you as a loss payee or an additional insured.

My credit Union unfortunately has decided that the 100% Refi's are against their policy and now require the 20% down payment on my future properties.

My name is Gaege and my experience with real estate is essentially zero.

You can start the eviction process after a week, but if they've normally paid on time I'd just notify them and ask what happened and when they can pay in full, AND charge them a late fee (per your policy in the lease)

I will not be able to get any zero down financing unless there is one on file.  

Many of these operators have no IT system whatsoever as they are keeping written records and they have a number of reminder safeguards in place as part of their written policies and procedures to make sure that their customer’s NPI is properly protected.

Tenants expect a bump in rents on owner turnover.Regardless, strictly enforce your late payment policy no matter what the rent is.  

The wealth advisor seemed to have a good point that banks like to see the value of the life insurance policy/type of policy as assignable so if you pass while covered, it can meet your obligations, then the remaining is left for family/spouse children.Any truth in this, and could this potentially sway commercial lending apps one way or the other?

Any advice out there for someone like me with ZERO experience?

My first month I sent out 466 postcards, got zero response.