At 80% LTV that is over $800k of debt.  

I reached out to a debt collection agency called National Credit Systems Inc. in an attempt to collect the payments owed.

In addition, to factor in their debt load, I require the rent + monthly debt payments to be no more than 45% of their GROSS monthly income.

.: REI nation is a reputed turnkey provider but they just sent me pictures of the property and asked me to choose.

@Matt Smith generally speaking it’s a combination of rising interest rates which have caused cap rates to increase (thus wiping out equity), debt is resetting at higher rates, rising opex costs due to inflation and stagnant or softening of rents due to an increase of supply.

If you want to stay in your house, then your only option would be to leverage equity which will probably be in the 8-10% interest rate range.Not knowing the entire situation, I think you could consider downsizing and then using the proceeds to buy a 2-4 unit property and start making $40-75K right away with still no debt. 

Quote from @Robel Nessro: Hi what's Good Debt and Bad Debt and what is considered good debt and what is also considered bad debt?  

The national debt is approaching $36,000,000,000,000 if the government numbers are to be believed.

Thanks, REI Nation!

Why not take out a loan from the equity to pay off that debt?