Let's say I'm driving upon the highway and I see a nice plot of land that looks like a good spot to build a new home.

From what we understand, since $185k is short of the amount outstanding, that would constitute a short sale and all proceeds would go to the bank.I am wondering: is there an opportunity here?

The government can only confiscate a property if it's has outstanding mortgages/ illegal activities being investigated.

Literally every main exit off the highway has an emergency room or major hospital wing located there.

@Bruce Lynn, while I am guessing because I don't know "most" large multifamily, I would say it is very much manager dependent and likely to become more common place as many syndicators are struggling to make their mortgage payments.Ownership companies are still run by people, and people that don't have enough money to pay their bills will start prioritizing who to pay based on the perceived risks of not paying.As for taking over any outstanding bills, that is one of many issues of the common LLC transfer.  

The deal highlighted the strength of our partnership with Ivan West and our ability to deliver outstanding results through strategic investments.

i called my cities code enforcement department ( i call them on every property i offer on to check for any outstanding violations).

Brad is a great coach and the ecosystem of students working together is outstanding.  

In the case where the Seller still had an outstanding mortgage, this would NOT be called traditional "Seller-Financed" (rather Subject-to) and has way different contracts and definite risks involved, such as you mentioned.. and others like the due on sale clause which accelerates the full mortgage due if the original lender finds out the house was sold to another end buyer without them getting their mortgage paid off first. 

Try telling the government they can’t build a highway through your land.The government just makes you think you own property, so then you’ll take care of it, but really they have the power to do what they want with it.