Thanks everyone for your comments. I agree with PerryChase that the best strategy for us is to try to find someone that will work with us to assure us that the house will not go REO and we will work hard to assure them that we will be excellent, long-term tenants. That way both sides feel good about the transaction and have done the proper due diligence. Obviously, life holds no guarantees but you do the best you can to mitigate risk and then move forward.
