If you’re going to make a good return on your cash invested great, otherwise just payoff some debt or put it in a high yielding bank account instead  losing $10k to save $3k in taxes isn’t “winning”  TLDR: Google: Seinfeld -> Kramer explains write offs

Her Attorney sent a note this morning - Approval from the bankruptcy court is generally not required for a debtor to enter into a residential lease.

Our notes that we purchase are commercial mortgage, usually partially in default, and we usually are in contact with the debtor to “modify” the note in a way that allows the borrower to make payments.  

You need to first set up the IRA (ideally using a company that specializes in this) and then work with the IRA and 401k custodians to accomplish the rollover.If investing into a real estate in the SDIRA it is generally safest to invest into long-term hold real estate (e.g. long-term rentals) and avoid any active income generating activities such as flipping, wholesaling, Short-term rentals, etc. as these active income activities risk your IRA getting hit with UBIT (Unrelated Business Income Tax) which can quickly rise to a 37% tax on the income.Additionally, you will also generally want to avoid investing into anything in the IRA using debt or that is otherwise debt-financed because debt-financing in the IRA is considered UDFI (Unrelated Debt Financed Income) which can also trigger UBIT on at least a portion of the income from the debt financed asset(s).You will also need to be very careful about avoiding having your IRA engaging in "prohibited transactions".

Don't ignore them, call and see how they can help, some will let you defer a payment to give you some breathing room.Be honest with yourself and your debtors - build a bullet proof plan of success forward and don't beat yourself up.

I am trying to learn as much as I can about raising capital and building an investor first structure with no debt or GP fees to siphon of capital before lp sees returns. 

Quote from @James McGovern: @Chris Seveney if a person hasn't paid their bills, they should lose their right to privacy and this should be supported in law well there is no longer debtors prison either.Although there is one state I am aware of where the lender either must or does allow inside inspection prior to auction and drum roll that state is Hawaii..

Private debt or family offices that like cash-flowing multifamily are usually the next step.

Only folks that I saw make it through the melt down were very well position investors ( many of mine have or had zero debt) or massive equity and RESERVES.. this does not describe the average SFR investor especially those starting out.. those starting out with maybe 50k down and 50 in reserves can and do get wiped out quite frequently.Id imagine in many of those situations as opposed to walking away from their properties, many of those folks could have simply sold them.

If you can garnish, Florida allows you to take up to 25% of disposable income unless the debtor qualifies for certain exemptions.Thanks @Berenger Greer for the details.