You can start by discussing with the landlord your interest in possibly purchasing the property--if the landlord agrees to the sale, make sure you are aware of recently closed similar properties in the immediate area in order to establish a fair offer--don't forget to visit with any qualified loan officer(s) as well if a loan is needed; see exactly what your budget can handle and what mortgage product will suit your needs. Any local agent and or an attorney who specializes in real estate can help you with all related paperwork.... more
It all depends on what and where you are buying a property. A community that is governed by an HOA or Condo Board have different rules and regulations for renting. Some condos you might have to wait a year, others you can rent out after you purchase.
Make sure you ask your agent what the rental restrictions are in the community before you purchase.... more
You need to contact your mortgage lender immediately. Also speak with a realtor to determine if they can help you sell for profit or short sale or if you can find a way to keep the home.
Keep the lines of communication with your lender open.... more