I usually eliminate loans where the CLTV is greater than 140%-150%.However, in telling the borrower’s story, I do look “peripherally” at all the other fields to see if I absolutely should delete the loan based on CLTV.

I assume she is either living with you now, or is paying rent somewhere else, or is in a home that is essentially undesirable for her to continue to live in.  

The real beauty of property management is that all of your clients are real estate investors and that leads to all sorts of peripheral business.

If they don't comply, which they likely won't, give them notice that their tenancy is not being renewed and they have 30 days to be out.We have gotten rid of multiple undesirable tenants by not renewing month to month tenancy. 

Threatening to sue me for something frivolous will get the tenant on my undesired list and has yet to result in an actual suit. 

He inherited a bit of a mess from the previous owner (bedbugs, undesirable tenants, and deferred maintenance), but we're getting things straightened out. 

A 401k loan has some risks...get layed off and have to pay it back or pay the 10% early penalty as well as income taxes if you cannot.A self-directed IRA is the typical retirement savings vehicle to invest in RE but it has undesireable attributes too.If you are young, you could diversify internationally or dip a little into emerging markets....they are not as highly valued.

Hats off to tech and research for bringing a lot of new life to the area.I know that new home sales in greater Allegheny County have been moving much quicker since the housing market regained its feet, and seem to be turning over with a lot of force, so it's likely that neighborhoods peripheral to ones that are currently revitalizing might themselves undergo a bit of a renaissance not far down the line.

In the few days I followed, I saw 10 to 15 properties sold to 3rd party bidders (daily), but the majority of those were either in undesirable areas or sold at a price that left little to no margin for an investor.  

The entire area should be leveled in order to drive out the undesireables and the problems they bring with them.