All of these can cause a partial loss but not a total loss.Capital stack- did they sell preferred, convert debt to %, or % ownership to debt, capital calls????  

Breadth second.Most investors who eventually know many strategies started by learning one well enough to move forward.

There are opportunities in this property to convert one of the 2/1 to a 3/1 and a couple of the 1/1 to 2/1.

When it comes to multifamily converting a single family into two or more units is becoming a lot more common to help offset a mortgage payment.The biggest thing I’ve seen help new investors in this market is staying connected.

If they're not willing to drop the price now then I would just follow up and eventually they'll either go down in price or end up listing it with an agent. 

I’m here to learn, connect, and eventually build my portfolio.

Eventually, Class A property values increased to the point that even increasing rents didn't allow them to cashflow upon purchase.So, the flood of new investors switched to buying Class B properties.

I deal in commercial real estate only - I find people with business experience to be much more realistic (eventually) than just regular homeowners.  

Quote from @Yousef Hossam: After seeing how people work their pipelines, I realized something surprising:Many deals are lost after the seller already showed interest.Not from lack of leads, but from:Late repliesMissed follow-upsNotes scattered across toolsNo defined lead stagesNo accountability on daily pipeline actionsThe person who consistently close more usually have:One place where every conversation is loggedClear stages (New → Contacted → Follow-Up → Appointment → Contract)Automated or scheduled remindersA daily or weekly pipeline reviewNext steps always set before ending the callNothing fancy, just fundamentals done well.In many cases, tightening follow-up converts more deals without increasing marketing spend.Are you currently managing follow-up and pipeline visibility in your business?

All that being said, there seems to be rather over-the-top and ill-informed postings regarding converting these notes to equity.