The benefits for the renter? Cheap rent (which I wouldn’t pay in this situation – sue me if I default on your default!), 60-90 day free rent during the eviction process, and cash 4 keys potential. Down sides? You might have to move a lot, and to the best of my knowledge, renting out a property that you are in default on is illegal in Nevada.
So rent your foreclosure. Thoughts? I think you just stay and work all the angles and get the cash 4 keys for yourself and call it a day.